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33
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Ricky Sabogal
  • Flipper/Rehabber
  • Chesapeake, VA
6
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33
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How much to set aside for a new roof?

Ricky Sabogal
  • Flipper/Rehabber
  • Chesapeake, VA
Posted Aug 6 2018, 07:06

I am analyzing a fix and flip property in the Hampton Roads, Virginia area.  I went to see the property and while I think 80k renovations to turn this property around is reasonable, it needs a new roof.  In looking at the roof (I'm not a roofing expert) I know it will need new shingles, but there is also some wood rotting that I is visible from the outside, so I am hesitant that the frame under the shingles are also compromised.  While I know prices will vary by market, does anyone have any idea of how much extra I should plan for the possibility of a new frame?  Thanks for any and all input! 

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