10-08-2010 12:20 PM
I have a townhouse that I may be selling or may keep as a rental property. It's likely in need of a new roof, no leaks or anything, but it's wood shake and it's time is near the end. Our HOA allows either wood shake, or a coated steel shake look-alike product. The steel shake carries a longer warranty and certainly looks like it will hold up better than wood and has a very consistant appearance. The quote I've received so far for the steel shake is higher than I'd like, and higher than I think wood will cost.
The question is, if I was to put on a new roof what might I expect in terms of a return with a sale within the next year? Would a steel vs wood new roof make a meaningful difference at resale?
10-18-2010 12:25 PM
Personally I don't think there will be a sizeable difference in return based on the material you use. I think the instead the 'new roof' label is most important selling point.