General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago, 12/16/2015
Repair damaged roof or replace it?
I own a duplex in the DFW area, that has hail and wind damage from storm that happened in November. I had a roofing company give me a quote ($675) on the repairs which he recommended filing a claim with my insurance company. So, I did and the adjuster said the roof only looked bad in the area with the hail and wind damage but would recommend a new roof because it looked a around 15 years old. My insurance company did agree with the adjuster's recommendation to replace the roof.
Now, I'm not to sure if I want to replace the roof or repair the damage area. To replace the roof I will be required to pay a $2000 deductible or I could repair the damaged area; which could cause me lose my roof coverage after 1 year, if not replace. Also, I may consider selling it within the next year or two.
What would you do?