26 unit complex with 22 year old roof(also age of buildings)
They have bid to reroof of $390,000. Second layer-no idea if shingles will be 20-30-or 40 year.
Member of association saw one of my bootleg signs and called me wanting info about roof washing.
During our conversation he thought that they should get a roofer to give them an estimate of the life expectancy of their current roof. I suggested that they get an inspection by a roofing inspector as they would have no vested interest on the outcome. He agreed and the inspection was done yesterday.
It is my understanding that the inspector is going to say that the roofs have at least 5 years left.
My question is: with 5 years plus left on the roofs should the association reroof or pay me $40,000 to clean them. The complexity of the roofs would required a man lift etc.
Kind of a no brainer. That's 350,000 they have to invest or just let sit in a bank collecting interest for 5 or more years.
lol. yeah at less then 1% because the fed is paying dick.. so in ensence.. they would be actually loosing 2% on their money due to inflation.
if they did have the extra 350k, they should put it towards debt service because im sure that interest is higher then inflation or ANYTHING they are going to get at a bank.. even fed notes, bills, and treasuries are paying next to nothing.
1st of all no- one can predict what a roof has left for life!! It could be 8yrs or it could be less than 5 yrs. But even if It is (5) yrs left and this complex could give there roofing a fighting chance to last a little longer by roof cleaning!! Its a no brainer!! clean the roof !! and try to help extend the life of the shingles and have the rrof looking great!!