This is for a home I am considering purchasing that needs a new roof. I presume it was hurricane damage as it is beyond normal wear and tear. There is water damage in a couple rooms in the corner and ceiling & I don't know whether or not there is damage to the trusses, so I want to have a buffer in my offer in case there is..
My cousin told me I should assume minimum $35k for the roof replacement and more if there is damage to trusses. Of course this is besides the cost of the other repairs required such as to the ceiling and walls, etc. I am basically trying to calculate how much I should take off to account for repairs. I like the house and don't mind putting in work. I definitely will shop around if/when it is time.
I don't know if I will end up getting the house or not, but if I do and there is a way to get paid from the policy of the existing owners that would be great! It is a short-sale so I don't know whether they will want to help me out or not and it will be a while before we can close even if I do get it.