Rejecting Property Based On Roofing Material?
Most of the older building around here have wood shingles. My fiance' dosen't want to have anyhting to do with them because she dosen't want to have to replace it. What are your thoughts?
Can a old roof be a point to negotiate on, and lower the purchase price? Is there anyone here from Central CA that can give me a gustimate on what a roof cost's per/sq'?
After reading posts here, and Davids articles, and starting a REI book, I decided that multi-units are the way I want to start into RE.
I pay between $100-$180/sqare depending on what I'm looking at in terms of tear off and qualify of asphalt replacement shingles.
That sounds a bit high, That would almost be equal to the value of the house.
1,200 sq' * $100/sq' = $120,000
1,200 sq' * $180/sq' = $216,000
On another thread they said between 3-5/sq' I asked this question because I know prices vary across the country, but they can't be that high, or else nobody would ever get a new roof.
[ Edited by jam200 on Date 09/14/2004 ]
A roofing square is equal to 100 square feet. Don't ask me why.
Actually, it takes three bundles of roofing shingles to mak up one square.
If you use the number of $100 per square, then a 2000 square foot roof (which is 20 square) would cost $2000.
You also have to consider if it is a roof-over (overlaying shingles over existing shingles) or a tear-off (removing the underlaying shingles before placing new shingles). A tear-off is typically more expensive, as more labor and disposal costs are involved.
John
"A Square"
where I am from is a 10ft by 10 ft area, hence "square."
This term is used for roofing and siding.
I've never seen anybody put asphalt shingles OVER wood shake shingles...but...yeah, your looking at the cost of removing the wood shake shingles and putting down new asphalt. The one thing to remember is that those wood shake shingles will last longer and look better for a considerably longer time. Asphalt shingles might have a 25-year warranty against leaking, etc. but they'll usually look like crap after 10 -15 years. If the roof is in bad condition, a lower price is generally negotiated versus a house that has a good roof. But, that doesn't necessary mean your going to get more off the listing price if it is already discounted for the poor roof.
Hope that helps.
When I was but a lad my father bought this farmhouse and outbuildings located on 18 acres. Most of the outbuildings were over 100 years old and had wood shake shingle roofs. Although tearing them off and resheeting the roof and installing asphalt shingles was, as i recall, hot and dirty work, it wasn't particularly skilled labor. Funny thing none of those 100 year old wood shingle roofs leaked that I recall. That is not true of the asphalt roofs we replaced them with. That was well over the 20 year guarantee for the shingles by now and I am sure that all of them have either been re-roofed or the buildings torn down.
As to deciding about a building on a single issue. I used to have a prospective investor who owned a boiler repair company. Always said he wanted to buy into a deal with me. Never would because he didn't like the boiler in any of the half dozen or so buildings I showed him. Even the one where I was going to replace the boiler and hire his company to do it. Go figure.
Tell the fiance not to get fixated on any one thing. Its the big picture you are trying to look at. After all I am sure you have some habit which truely anoys her. If she gets to where that's all she sees your relationship is doomed. Instead she sees this anoying as a small flaw inside a larger package which she can generally work with. Replacing a roof is a relatively easy thing. Getting you to stop leaving the toilet seat up is much more difficult. But she didn't take a pass on you because of this one bad habit.
Ok, that works better, I thoought it was typo and you just left off the ft. That is what I told her, but I wanted to get some numbers, and oppinions so that I could back up my oppinion.