Remaining Economic Life Of Roof
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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. If the roof has less than two years remaining life then the appraiser must call for re roofing or repair. Installed correctly a new roof will last at least 15 years but the exact lifespan depends on the material. 4905 1 rev 1 2 12 life expectancy. According to the fha website they have clearly stated that the roof should be able to last for a minimum of two years.
The roof should have a remaining physical life of at least two years. The expected life of a given roof in a given environment has the most impact on the roof s overall life cycle cost. 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 appraiser must exercise sound judgment when evaluating roof condition.
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. The average life of roofing. 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 remaining economic life is 40 years the market is paying 67 of replacement cost 40 60.
The roof should have a remaining physical life of at least two years. Here learn which roofing lasts the longest.
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