Real Estate Agent · St. Petersburg, FL · Member since 2017 · 34 posts · 14 votes
Wondering what investor preferences and opinions are on new roofs. I personally love a nice, new metal roof, but understand that a lot of folks do not. Shingle, barrell tile, metal, etc? Do you find that you realize more equity with a higher end roof, even if the comps have a basic shingle roof?
Real Estate Agent/Investor · Peoria, AZ · Member since 2016 · 2k+ posts · 2k+ votes
8y
I guess it depends on the area where the property is located. Where I live, newer homes (built in the last 20 years or so) have concrete shingle or concrete tile roofs. Remodels closer to downtown on older homes have ashpalt-shingle roofs.
Just an opinion, but unless you're doing something very custom, try to stick to what the neighborhood does and do not let your personal affinity for materials cloud your judgment on what the masses actually want.
Real Estate Agent/Investor · Peoria, AZ · Member since 2016 · 2k+ posts · 2k+ votes
8y
I guess it depends on the area where the property is located. Where I live, newer homes (built in the last 20 years or so) have concrete shingle or concrete tile roofs. Remodels closer to downtown on older homes have ashpalt-shingle roofs.
Just an opinion, but unless you're doing something very custom, try to stick to what the neighborhood does and do not let your personal affinity for materials cloud your judgment on what the masses actually want.
Loveland, CO · Member since 2010 · 110 posts · 194 votes
8y
The minimum people expect when they buy a home is a roof over their heads. That said a lot depends on the local market. I have put architectural grade shingles on houses where everyone else had plain old 3 tabs and since my houses always showed better than others in the neighborhood, paint etc, I feel I got my money's worth. Maybe not in a straight cash on cash return but in ease of selling. The street where I live now every house but one has a tile roof. The exception had original cedar shakes and they just replaced them with architectural grade asphalt. The house still looks out of place but I doubt if it would matter on a sale.
A friend and I both did flips in the same neighborhood at about the same time. He decided to put a standing seam metal roof on. After studying on it for a few weeks he paid someone to do it for him whereas had he just put 3 tabs on, like I did, he would have saved money.
Rental Property Investor · Maryville, TN · Member since 2009 · 529 posts · 414 votes
8y
Doesn't matter currently, as it will sell either way and you wont get more for a metal roof. When the listing says new roof! it removes the issue of having to worry about the roof, so just do whatever the neighboring houses have.
Tucson, AZ · Member since 2016 · 120 posts · 127 votes
8y
it depends on your market and what your market demands. If all the comps have metal roofs, then you probably should go with that. If the comps have shingles, then go with that. Don't spend more than you have to unless you know for sure that it will add to the value or sell ability of the home.