Understanding the Transferability of Roof Warranties
When investing in a new roof, the warranty is a critical aspect to consider, as it provides coverage against defects, workmanship issues, and premature wear. For homeowners planning to sell their property in the future, knowing whether the roof warranty is transferable can add significant value to their home. If you’re looking for professional guidance in Tulsa, OK, The Roofing Guys offer comprehensive roofing solutions backed by industry-leading warranties.
Important Fact: According to a recent study by the National Association of Realtors, homes with transferable warranties are 29% more likely to sell than those without.
Types of Roof Warranties
- Manufacturer’s Warranty: Covers defects in roofing materials. This warranty can range from 20 to 50 years, depending on the material and manufacturer. Some manufacturer warranties are transferable, but it might be limited to a one-time transfer.
- Workmanship Warranty: Issued by the roofing contractor, this warranty covers installation errors or workmanship defects. It typically ranges from 1 to 10 years, but some contractors offer extended warranties up to 25 years. Workmanship warranties are usually not transferable, but some contractors may provide exceptions.
- Extended Warranty: Offers additional protection beyond the standard warranty. Extended warranties often cover both materials and labor, making them a valuable investment. These warranties may be transferable, but you need to verify the terms with the provider.
For a comprehensive guide on the steps involved in roof replacement, explore our detailed article on Frequently Asked Questions about Roof Replacement.
How to Transfer a Roof Warranty
- Review the Warranty Terms: Check if the warranty is transferable and if there are any limitations on the number of transfers allowed.
- Notify the Manufacturer: Inform the manufacturer or contractor about the transfer, typically within 30 to 60 days of the property sale.
- Complete Necessary Paperwork: Fill out the required forms, providing details of the property sale and new homeowner.
- Pay Transfer Fees: Some warranties require a transfer fee, which can range from $100 to $500, depending on the provider.
What Happens If You Don’t Transfer the Warranty?
Failing to transfer the warranty means the new homeowner won’t be eligible for any future coverage or claims. This could be a potential deal-breaker during the home selling process, as buyers often prefer homes with active warranties that provide peace of mind.
The Roofing Guys’ Warranty Offerings
As an IKO and GAF Certified roofing contractor, The Roofing Guys provide transferable warranties on many of our roofing projects, offering assurance and added value to homeowners. This commitment to quality ensures that you’re covered, whether you’re staying in your home long-term or planning to sell in the future.
For more insights on how to avoid common roofing scams, check out our guide on How to Avoid Roofing Scams.
Factors That May Void Your Roof Warranty
- Improper Installation: Using unqualified contractors or neglecting to follow installation guidelines can void your warranty.
- Unapproved Repairs: Only authorized professionals should conduct repairs. DIY repairs or using non-approved materials can result in warranty invalidation.
- Lack of Maintenance: Regular maintenance is essential for keeping the warranty valid. Failing to perform routine inspections or cleanings can lead to voided coverage.
FAQs
Q1: How many times can a roof warranty be transferred?
Most warranties allow for one transfer, but some may permit multiple transfers. Always check the warranty terms.
Q2: Can I transfer the warranty if my roof was installed years ago?
Yes, as long as the warranty is still active and within the transfer period, you can transfer it to the new homeowner.
Q3: Are all warranties automatically transferable?
No, not all warranties are transferable. It’s crucial to verify this detail before purchasing or installing a new roof.
Conclusion
Understanding the transferability of your roof warranty is essential for safeguarding your investment and increasing your home’s value. If you’re looking for a reliable roofing partner that offers comprehensive and transferable warranties, trust The Roofing Guys for unmatched quality and service.
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