[donfey]

Roof replacement requires a permit to be issued, if done legally. Those permits are available online for Sumter County at https://sumtercountyfl.nextrequest.com/requests/new
I presume Lake County has something similar.

[cwmmfink]

My house was built in 2008 and has the original roof. My insurance company required an inspection last year. It passed the inspection and my annual premium is $2700.

[harby]

After we bought a neat and well maintanced 20 year old ranch with 3 year old roof, a brand new water heater, and 5 year old HVAC State Farm denied our application...we were shocked and asked why...the agent at Rt. 466 near the fire station, just said that's its policy and the house is too old. We decided to cancel State Farm auto insurance and found a better price with another ins. co. We don t understand why...there are many 40-100 year old houses in the US.

[Margefrog]

You may be referring to mobile homes, not site built. I believe there's no problem with insurance on almost any age site built.

[nn0wheremann]

Originally Posted by Kzeus

We are moving to The Villages in about a month and have been mulling this question:
How can someone sell a home older than 20 years, if insurance companies refuse to insure at all, or charge exhorbitant fees? And, conversely, why would anyone buy an older home?
We welcome all *kind* responses. Thank you.

Everything is in the price and the condition of the house. The building permits will show when it was built, and to which code, and when and if it was modified, such as by roof replacement, and that will indicate the code followed when the modification was made. Insurance companies sometimes require a wind mitigation, or even a four-point inspection. If the place is an old dump, rates will reflect that, and so will the sales price. If it has been kept up to date, same will be true.

[Lottoguy]

The older manufactured home like those on the "historic side" might be what your talking about. These homes probably don't meet the current standards for hurricanes.

[Normal]

Originally Posted by Kzeus

We are moving to The Villages in about a month and have been mulling this question:
How can someone sell a home older than 20 years, if insurance companies refuse to insure at all, or charge exhorbitant fees? And, conversely, why would anyone buy an older home?
We welcome all *kind* responses. Thank you.

Out of the 50 states, Florida ranked number 1 on cancelled real estate contracts. There were over 50 thousand “Pendings” cancelled last month alone! In fact, 56 thousand sales were cancelled in June or almost 15%. Our area is getting clobbered the most. Orlando and Tampa numbers are dismal. Miami is following close behind though.

Bottom line, the jitters could be caused by insurance, HOAs, interest rates and a conversion into the Buyers market. Many are sitting on the fence for the Feds September meeting.

Florida Housing Market Faces 'Nightmare Scenarios' as Deals Collapse - Newsweek

[OhioBuckeye]

Originally Posted by Kzeus

We are moving to The Villages in about a month and have been mulling this question:
How can someone sell a home older than 20 years, if insurance companies refuse to insure at all, or charge exhorbitant fees? And, conversely, why would anyone buy an older home?
We welcome all *kind* responses. Thank you.

Good point! Think I would like to hear this answer, it outta be good.

[Sherkugawa]

I have an older home (98) and have had no problems getting and keeping insurance at reasonable rates.slightly more than in VA, but reasonable!

Originally Posted by Kzeus

We are moving to The Villages in about a month and have been mulling this question:
How can someone sell a home older than 20 years, if insurance companies refuse to insure at all, or charge exhorbitant fees? And, conversely, why would anyone buy an older home?
We welcome all *kind* responses. Thank you.

[PootleK]

I just bought a 30 year old home in the Spanish Springs area. I had no problem getting homeowners insurance, and the premiums weren't high. I'm not sure where you've got the idea it's impossible from.

[justjim]

Originally Posted by Inspector Mark

The OP said they only wanted kind reply's yet she just insulted everyone who has a home older the 20 years by saying, why would anyone buy an older home.

We just bought a CYV that is close to 30 years old. Had no problem getting home owners ins.

I have no idea why they think an older home is not insurable.

The issue is about the age of roofs not the age of homes.

The rumor you can’t get
Homeowners insurance on an “older home” could have come from the manufactured homes that are on the historical side or near Spanish Springs of The Villages. I know from a friend who lives there that insurance is so costly on older manufactured homes that some are self-insuring them. I have a considered opinion that it’s not an issue with “stick built” homes. Insurance costs have gone up on all homes but you can still get insurance.

When purchasing a resale it would be best to due diligence with homeowners insurance along with deed restrictions, permits for building and landscaping changes, noise factors, etc., before signing on the dotted lines.

[RUCdaze]

It is common in the pre-historic section of The Villages not to insure a home. Most of these homes are not worth the high cost of insurance, and would be more valuable as knock downs, to be replaced by new construction.

[DrHitch]

Great comments!
As a buyer, if I don't need to satisfy a mortgage lender (cash purchase), then maybe I don't worry about homeowner's insurance. It's my decision.

As a seller, if I have an older house, it only makes sense for me to bring the house up to make it "sellable". In most cases, it makes the house more sellable with a new roof.

We recently bought a 30 year old house in Spanish Springs, but did so only because the previous owner knew that any buyer would have trouble getting a mortgage unless the roof was replaced.

[Topspinmo]

Originally Posted by Kzeus

We are moving to The Villages in about a month and have been mulling this question:
How can someone sell a home older than 20 years, if insurance companies refuse to insure at all, or charge exhorbitant fees? And, conversely, why would anyone buy an older home?
We welcome all *kind* responses. Thank you.

I think you’re confused between 20 year old roofs and maybe Mobil homes. Most housing across USA 20 years or older. That would take away 70% of insurance business IMO?

Due to all the roof scams in Florida all us honest people have to suffer with great Florida roofing scam. Looks like you might be jointing crowd.

[Topspinmo]

Originally Posted by Lottoguy

The older manufactured home like those on the "historic side" might be what your talking about. These homes probably don't meet the current standards for hurricanes.

Any home built before 2012 don’t meet current hurricane standards? Why? It wasn’t standard when they was built.