If you live in a condominium or townhome, you share a roof with other homeowners in your building. In the case of roof damage, whether it's from hail, wind, heavy debris impacts, or even just wear and tear, it's important to know who is responsible for determining the damage, working with the insurance company, paying any required deductible, and ensuring the work is completed.
For those owning a detached home, the process is more clear. For condominium or townhome owners it's not as straightforward. When you share a roof and other features of a building with other owners, the responsibility for repairs may fall to separate parties; it's important to make sure you understand your condo association's CC&R (covenants, conditions, and restrictions) rules, as your monthly dues may not cover roof problems or other property maintenance and repair costs.
Owners of detached condos may bear more responsibility for roof repairs than those living in high-rise condos. If your association pays for all roof maintenance and repairs, your condo fees will include a budgeted assessment for it. Associations usually also create financial reserves to cover unforeseen repair costs. In some cases, if the dues aren't able to cover the costs, future dues will be increased to cover the shortfall, or a special assessment may be levied against all owners.
While individual condo or townhome owners are typically responsible for maintaining and insuring their own unit, a portion of their dues will go towards a master policy to cover situations like roof damage. It's important in the event of any problem that leads to the need for roof repairs or replacement that the roof sections be taken care of at the same time to avoid differences in color, material, and warranty.
For more information about roof maintenance for multi-family housing units, please contact:
Innovative Home Concepts, Inc.
4410 IL-176 #1
Crystal Lake, IL 60014