Cost Of New Rubber Roof
I am looking at a 3 family that needs to have the roof replaced. A rubber roof was recommended. Each floor is roughly 1200sf. Has anyone had a rubber roof installed? I am looking for a ballpark range of cost .
Thanks Mike! I got a quote of ~$6.70/sf, around $8,000. It is a flat roof, one layer of tar and gravel, no HVAC that I know of...but a lot to consider, thanks for the feedback. The inspector recommended rubber. Do you think there are better [and cheaper] options?
I would like to know some companies as well, very good question.
Zurich life is one that works for us out west, I pay monthly based on value etc. i.e. 200K is $220 a month while in the vacant construction phase.
Diamond State
Most, if not all, of them deal with Agents, not the public directly. Their websites should list Agents that represent them respectively.
Tim[ Edited by norrist on Date 04/24/2005 ]
I have used Foremost before for a rehab project, if you go to their website they have an agent locator that will give you agents close to your area. Then just call them. Most of them are independent agents or they work under a standard agency (i.e. Farmers) but they also sell Foremost.
I also have seen State Farm cover a rehab project as if the property is just going to be a rental.
Westfield Insurance is Awesome. Great rates.
Westfield covers everything for me, my personal residence, 3 duplexes, 2 tri-plexes and several SFH that i rent out--they have been awsome. EB
I have not had an issue reselling either. On my last flip however the bank/appraiser did scrutinize the total cost of improvements. No problems though and this was done in six months...most of which was getting the financing.
There are lenders out there that do not require seasoning of title.
[addsig]
Purchased my last one Feb 15th and just closed on the sale last Friday (4-29). The only time it was ever an issue was when the appraiser came through but i made sure i was there and went through everything we did to the property. If he would have needed reciets (wich I have been told happens) I could have supplied them. I was nervous about it also though, but i also made sure i had a back up exit plan if i needed it in the form of a new mortgage should i end up keeping the property a while.
I bought a prop June 25th 2004 and sold it july 27th 2004. The only problem is making sure title info is updated. The problems with appraisers is solved by befriending one. I suggest going to your local appraiser association and build a relationship with a few of them. Most of the time lenders and buyers will accept existing appraisals as long as they are on their approved list. If the appraiser is part of the local assocation more often then not they will be.
Take before & after pix....to show actual rehab....CWal