Remaining Economic Life Of Roof

The appraiser must clearly state whether the subject is to be repaired or re roofed any leaks or moisture due to a problem with the roof are noted will be noted on.

Remaining economic life of roof.

The roof should have a remaining physical life of at least two years. According to the fha website they have clearly stated that the roof should be able to last for a minimum of two years. An appraiser who states that the effective age of a q4 house is 12 years is asserting that depreciation is 20 and the market is paying 80 of replacement cost. If the roof has less than two years remaining life then the appraiser must call for re roofing or repair.

If a roof doesn t last the desired 20 years the owner is likely to incur higher than average maintenance costs and towards the end of the roof s life also major renovation costs. 4905 1 rev 1 2 12 life expectancy. Here learn which roofing lasts the longest. The appraiser must visually examine the roof to determine whether deficiencies present a health and safety hazard or do not allow for reasonable future utility.

The life expectancy of your roof depends factors that include the roof design and the climate you live in as well as the quality of installation and long term care. If it is determined that the roof has a remaining life of less than two years then it would be the responsibility of the appraiser to call for repair or the construction of a new roof. The roof should have a remaining physical life of at least two years. Maybe even a total roof replacement.

The average life of roofing. The appraiser must exercise sound judgment when evaluating roof condition.