Owning a condo can be a great investment. However, before buying a condo, you need to understand what expenses you’ll be responsible for when it comes to building maintenance, such as residential roofing repair. Today, Northern Pacific Roofing delves into this issue.
The short answer of who’s responsible for what when it comes to condo building maintenance is that it depends. Condo associations usually have written rules known as Covenants, Conditions and Restrictions or CC&Rs. These rules state who covers the costs of roof work and who takes care of it. This will vary depending on the building.
Case in point, the CC&R of condominium you’re looking at may state that it’s your responsibility to cover the costs of roofing maintenance while the building nearby may state that the association itself will handle this. On the other hand, if you live in a detached condo, then the cost of a roofing contractor will likely fall on your shoulders.
When Associations Cover the Costs
If your condominium association states that they’ll cover the costs of the roofing maintenance, including replacement, this expense will be included in your condo fees. Associations usually establish reserves to cover emergency roofing expenses, which are typically built into your monthly dues. In the event that the reserves fail to cover the entirety of the expenses, you may wind up paying higher dues to cover the deficiency.
Make your search for a roofing company easier by turning to Northern Pacific Roofing. We are your leading provider of roofing and siding services. Give us a call at (888) 919-8539 or fill out our contact form to get a free quote. We serve homeowners in San Rafael, Petaluma, San Francisco and nearby areas in CA.