If you’re looking at buying a pre-owned home in Dallas, you may likely be concerned about how the warranties on things like appliances, HVAC, and other major components of your potential purchase will transfer to you from the original homeowner. The ability to transfer warranties is important to many homebuyers, as many people do not want to have to make costly repairs after just making a major purchase.
In many cases, if the roof of the property you are purchasing has a current and valid warranty, the warrant is transferable. That being said, it is critical that you read the fine print of the warranty paperwork to find out exactly what is covered and exactly what coverage transfers to you as the new owner.
Shingle manufacturers almost always offer a warranty on their product, and in many cases, professional roofing companies like Scott Exteriors also offer warranties on their roof installation. Scott Exteriors can help you find out the specifications and limits of the roof warranty on the home you are interested in purchasing regarding both shingles and installation.
There are three points to look for when you’re reading the fine print of your roofing warranty:
Transferability. In most cases, the warranty on shingles can be transferred only once. This means that if you are purchasing the house as a third or greater owner, the warranty will not transfer to you.
Fees. In some instances, transferring a roofing warranty requires an administrative fee paid to the company to process the transfer. If the fee is not paid, the warranty does not transfer, and you may be left with a costly repair that you thought was covered.
Notice. Many warranties also require a written notice of the transfer of ownership, usually within a particular timeframe after the property purchase is complete.
Do you have more questions about how roofing warranties work? Contact Scott Exteriors today with all your roofing warrant questions.