Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Chicago Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

77
Posts
10
Votes
Byron W.
  • Chicago, IL
10
Votes |
77
Posts

Should I pay a deposit for a roof replacement?

Byron W.
  • Chicago, IL
Posted

About to get a flat roof replacement done and I'm wondering, should I pay a deposit? I've been stiffed multiple times in the past with other contractors on projects, so I've since, refused to pay anything up front outside of material costs. What has been everyone's strategy on this?

Also, if you have any roofer recommendations, please send them my way. Thanks!

Most Popular Reply

User Stats

6,029
Posts
5,075
Votes
John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
5,075
Votes |
6,029
Posts
John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
Replied

@Byron W. I almost always give a deposit on a sizable job, but it also depends on how well you know your contractor. I would think 25-30% would up front would be enough in some cases with 50% being the maximum I would do.  I am preparing to do a flat roof replacement on one of my properties in Berwyn, and I ended up getting the best pricing through the GC I have been using to do most of the unit turns. 

Take your time on the flat roof research. There are multiple opinions on best materials to use (modified bitumen versus TPO) and how you should handle tuck pointing, copings, etc. Make sure your roofer has been around for a while and that your roofer offers a long warranty. It is not uncommon to get 10 years on a flat roof. 

  • John Warren
  • Loading replies...