Old Slate vs. New Shingles: Which has higher appraisal value?

[Davis H Son]

All,

I'm rehabbing a house that has a 100 year old slate roof. I'm trying to max my ARV at Refi. Which appraises higher: old slate w/ some repairs, or brand new shingle roof?

Thanks!

Davis

[Bruce Woodruff]

Usually slate all day long, but with the age factor it's hard to say. I'd have a Roofing Contractor come out and give you a written opinion of it's condition/remaining life and value. You can give this to the appraiser.