Fire Damage from Years Ago

[Sean Wilt]

I looked at a house yesterday for Fix and Flip.  Will need all the typical repairs (flooring, cabinetry, paint, etc. etc. etc.).  But during inspection of the attic, the bottom of the roof decking and the rafters were black from a long ago fire (5+years).  Owner said they made substantial repairs including new wiring, new electrical panel, all new insultation and repair of any charred areas.  They got all necessary permits/approvals, etc. and House looks structurally sound and pretty good. But there is that black discoloring in the attic.  The home has been occupied by tenants for the last several years.

I would plan to have the underside of the roof painted in the attic to cover up the black coloring. There is no charring or damage to structure, just smoke discoloring as far as I can tell.  The roof needs to be replaced anyway so I would plan to do that so really in the end, just the black soot coloring.

Any issues I should be concerned with?   Would I need to disclose this when listing the home even though it was several years ago and all repairs have been made?  If the home has been completely renovated including the new roof, do you see significant valuation issues?  Just trying to learn how serious this issue could be.