The transferability of roof warranties is a common concern among homeowners, especially when buying or selling a property. Understanding whether a roof warranty can be transferred and how to do so can provide peace of mind and potentially save significant costs on future repairs. Let's delve into the intricacies of roof warranties and their transferability.
Roof warranties are designed to cover the repair or replacement of a roof, typically within a specified time frame, usually 20 to 50 years. These warranties can be manufacturer-backed, installer-backed, or both. However, many homeowners wonder if these warranties can be transferred to new owners.
Understanding Roof Warranty Types
Before discussing the transferability of roof warranties, it's essential to understand the different types of warranties:
1. **Manufacturer's Warranty**: This warranty covers defects in materials and workmanship by the roofing manufacturer. It typically lasts for 20-50 years, depending on the material.
2. **Installer's Warranty**: This warranty covers installation errors by the roofer and usually lasts between 1 to 5 years. Some installers may offer lengthy extended warranties, sometimes for up to 50 years.
Manufacturer's Warranty Transferability
A manufacturer's warranty is usually non-transferable. This means it's tied to the original homeowner or original purchaser of the roof. If you install a new roof and then sell your home, the warranty typically won't transfer to the new owner. However, some manufacturers may allow limited transferability under specific conditions:
- When the new owner resides in the same household as the original owner (e.g., a child taking over the property).
- If the original owner can provide proof of the installation and transfer the warranty within 90 days of selling the home.
Installer's Warranty Transferability
Installer's warranties, on the other hand, are often transferable with some conditions. The installer typically needs to be notified of the transfer and may require some documentation, such as the purchase agreement or proof of residence transfer.
Some installers may charge a transfer fee, and the warranty might become prorated (the duration of the warranty may decrease as more time has passed since the original installation). Always check with the installer for specific transfer conditions.
Transferring Roof Warranties: Best Practices
When buying or selling a home with a warranted roof, taking the following steps can help ensure a smooth transfer (if applicable):
1. **Contact the Warranty Provider**: Reach out to the manufacturer or installer to confirm the warranty's transferability, conditions, and any required paperwork. This should be done well in advance of the home sale.
2. **Check the Home Inspection Report**: Ensure the home inspector has noted the roof warranty, its coverage, and the remaining duration.
Transferring a Manufacturer's Warranty
If the warranty can be transferred, gather the following documents:
- The original warranty certificate.
- Proof of purchase or installation.
- Proof of transfer of ownership (e.g., deed, escrow statement).
Then, submit these documents to the manufacturer as per their transfer procedure.
Transferring an Installer's Warranty
Contact the installer to confirm the transfer conditions, which may include:
- Complete transfer: No fee, full duration retained.
- Prorated transfer: A fee may apply, and the warranty duration may decrease.
Follow the installer's instructions for submitting the required documents and paying any fees.
In closing, understanding the transferability of roof warranties can significantly impact your decisions when buying or selling a home. Be proactive in researching and following the transfer procedures to maximize your warranty coverage. And remember, a well-maintained roof not only protects your home but also enhances its curb appeal and overall value."