Contractors
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago,
Roofing Guidance / Roofer Recs
Howdy folks! New to REI, closing on my first property this Friday! Sad news is it looks like I may need a new roof. Hoping you folks who have been doing this a lot longer than I could provide some guidance.
Below is the home inspection assessment and quote I received from the roofing company.
I'm closing on this property this Friday and need to make a decision if I replace the roof now or later. This will also impact my home owners insurance per month. The current roof is 8-10 years old (per Sellers Disclosure). I live in Dallas, TX which is known for bad hail storms. I have the cash to replace the roof now. Here's a couple of questions, feel free to answer as many as you'd like! All input is welcome :)
1) Per the inspection report and information above, do you suggest replacing the roof now or later?
2) If I replaced the roof now, could I deduct it from my taxes? I am buying this home as a primary residence. Living in it and renting out spare bedrooms to buddies (house-hacking).
3) Per the quote, is $8,750 a fair price for the work done?
4) Per the quote, would you suggest any different type of work done / approach?
5) Do you have any recommendations of roofers in the Dallas area?
This was lengthy, thanks for bearing with me. Appreciate your time folks!