Remaining Economic Life Of Roof

[Terrel L. Shields]

I could see the roof from the ground, I would disclose that my statement is based on a non expert inspection from the ground.

That's why I carry a small pair of binoculars - old Pentax mini 'nocks - 7x35. Roof statement might read like this.

Roof appears to have at least two years remaining life, however, the appraiser is not qualified to judge the shingle or the workmanship, and a roof inspection is recommended.

or

The shingles appear to be curling or lifting, with frayed areas noted, and roof is near the end of its economic life.

which reminds me my roof is about had it..I begged the builder to put a metal roof on it, but he did not want to do it...blah blah blah...now 75% of his houses are metal roofing....So now I get to do it right.

 

[Frederick R. Ruffell]

I hold a contractors license as well as my Appraisal license and I would not venture a guess as to the remaining life of any roof that I did not get up on and into and underneath and even then it would be full of escape clauses. One thing I did learn from my years of estimating and bidding steel building contracts is to be very specific about a "Roof". There are many components that make up a roof. If you are talking about the shingles then say shingles or roof covering or membrane. One can install brand new 25 year shingles on a rotten roof sheathing and the "roof" will leak at the first rain. One can install new sheathing, felt paper, and shingles on rotten rafters and have the roof disappear with the first good gust of wind. And on and on.... Pam you did the right thing.

 

[Anthony Blackburn]

I like the quote Pamela made..."This is beyond the scope of the Appraiser's job." So often, underwriters want appraisers to step beyond the scope of doing an appraisal to assume liability for a given issue. Not only roofs, but I get requests to comment on "Health and Safety" issues. I'm not and health inspector, don't want to be one, don't get paid to be one, etc. Another good one is Earthquke zones here in CA. I get requests from lenders occasionally wanting me to certify if a property is in an earthquake prone zone. Not my job. I have had people in jeopardy of losing a commision go crazy with me as I won't extend my neck beyond that of an appraiser. And I think that is what is at the root of the problem, with Pamela's roof.....The lender wants the appraiser to assume the risk and responsibility because it's cheap for us to do so, and so many, unfortunately, do whatever the underwriter says without question.

 

[jtrotta]

will have to agree with Fredericks comments, but would also agree you made the right comments; I have still yet to figur why everyone in the Banking industry feels we can comment on every component of a house. This is in part why I gave up my FHA properties, they want you to sign off on items in my area, that only a License Inspector should comment on and be responsible for.

having been in the Repair/ Remodeling bnez, there are way to many variables involved in housing, to many hidden potential problems and lastly they don't even want to pay you for yer time. A friend of mine does Home Inspections and I believe he said they were up to $375 and up for an inspection, and we're suppose to do it for Free

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