Fort Lauderdale, FL · Member since 2016 · 146 posts · 27 votes
Taking into consideration the homes you have bought that are more new, as well as all roof materials you have encountered... All in all, how often would you say repairing the flashings/gutters etc. was not enough and you ended up replacing the roof, if you had to give it a percentage?
When I was doing a lot of houses in Atlanta, the area where I was focused was mostly developed in the 1980s and early 1990s. So, the houses were 20-25 years old. With houses that age, nearly all of them needed new roofs.
These days, I do a lot of houses built in the mid to late 1970s. They had roofs that were nearing their lifespan about 10-20 years ago, so most of them have had new roofs installed in the past 15 years. Hence, I don't replace a lot of roofs these days.
It will really depend on your area and the age of the houses you're dealing with. There is no rule of thumb for percentage of houses that will need new roofs...
When I was doing a lot of houses in Atlanta, the area where I was focused was mostly developed in the 1980s and early 1990s. So, the houses were 20-25 years old. With houses that age, nearly all of them needed new roofs.
These days, I do a lot of houses built in the mid to late 1970s. They had roofs that were nearing their lifespan about 10-20 years ago, so most of them have had new roofs installed in the past 15 years. Hence, I don't replace a lot of roofs these days.
It will really depend on your area and the age of the houses you're dealing with. There is no rule of thumb for percentage of houses that will need new roofs...
When I was doing a lot of houses in Atlanta, the area where I was focused was mostly developed in the 1980s and early 1990s. So, the houses were 20-25 years old. With houses that age, nearly all of them needed new roofs.
These days, I do a lot of houses built in the mid to late 1970s. They had roofs that were nearing their lifespan about 10-20 years ago, so most of them have had new roofs installed in the past 15 years. Hence, I don't replace a lot of roofs these days.
It will really depend on your area and the age of the houses you're dealing with. There is no rule of thumb for percentage of houses that will need new roofs...
Very helpful J. FYI, I finished Flipping Houses a few days ago and am currently immersing myself into Estimating Rehab Costs. ;) Great stuff.
@J Scott Are you still actively investing in the Atlanta Market?
Most of the deals we deal in Atlanta these days are with partners, so we're not active down there day-to-day, but we're still buying and building down there with other investors...