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Old 01-11-2014, 09:50 PM
 
Location: Portland, Oregon
543 posts, read 1,146,464 times
Reputation: 461

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We need to replace our flat roof and have had a few bids. When we moved a few years ago, we knew it would need replacement "someday" but we were not in a position to do it then.

So, has anyone gotten financing for replacing their roof? Because of the dry rot and plywood underlayment deterioration, we've had bids from $17,000 to $29,000. Talk about sticker shock! We do have 3200 sq. feet of roof (almost a third of it is a workshop) and we're just trying to figure out financing options.

Thanks for your input.
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Old 01-11-2014, 09:59 PM
 
Location: Riverside Ca
22,146 posts, read 33,537,436 times
Reputation: 35437
Are you physically able to do manual labor? Can you do the tear of yourself and wood repair?
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Old 01-11-2014, 11:04 PM
 
Location: Portland, Oregon
543 posts, read 1,146,464 times
Reputation: 461
I doubt it, really. I'm in my 60's and although strong (for a girl), my husband works a manual job full time and is rather pooped out when he gets home. Tackling a 3,000 square foot project is out of our depth.
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Old 01-12-2014, 12:03 AM
 
2,994 posts, read 5,590,352 times
Reputation: 4690
Quote:
Originally Posted by gypsydoc View Post
We need to replace our flat roof and have had a few bids. When we moved a few years ago, we knew it would need replacement "someday" but we were not in a position to do it then.

So, has anyone gotten financing for replacing their roof? Because of the dry rot and plywood underlayment deterioration, we've had bids from $17,000 to $29,000. Talk about sticker shock! We do have 3200 sq. feet of roof (almost a third of it is a workshop) and we're just trying to figure out financing options.

Thanks for your input.
Just out of curiosity how much did you pay for the house?
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Old 01-12-2014, 12:18 AM
 
Location: Out there somewhere...a traveling man.
44,631 posts, read 61,620,191 times
Reputation: 125810
One of my friends is a roofing contractor and he said your prices quoted are in the norm. Without seeing your house he said 20-25,000 range sounds right unless there are some hidden defects then that would change the pricing.
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Old 01-12-2014, 12:27 AM
 
Location: Riverside Ca
22,146 posts, read 33,537,436 times
Reputation: 35437
Quote:
Originally Posted by gypsydoc View Post
I doubt it, really. I'm in my 60's and although strong (for a girl), my husband works a manual job full time and is rather pooped out when he gets home. Tackling a 3,000 square foot project is out of our depth.

Gotcha. A buddy of mine dud his roof and it was 10k. Almost flat roof and 1300 sq ft.
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Old 01-12-2014, 03:45 AM
 
20,793 posts, read 61,308,820 times
Reputation: 10695
A lot of people will take a home equity line of credit out on their home to do a major repair like that.
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Old 01-12-2014, 06:17 AM
 
28,115 posts, read 63,672,505 times
Reputation: 23268
I've done a number of roofs over the years... low slope as in 1.5" in 12 to 5" in 12.

Working alone it takes a long time and then there is the constant threat of being exposed should it rain.

Go with a quality company... the materials used might be the same... it is the attention to details... especially on a flat roof that makes for a lasting job.

Are you going with one of the torch down membranes, tar and gravel or do you have enough slope to use composition with double coverage felt?

As to the bids... make sure they are all quoting the same materials and application.

I found a good roofer at the supply house where I buy my materials... just had too much going on and asked the owner who he would hire to roof his own home... good job at a fair price...

No... I've never financed any home repair or improvment. I'm old school.

Last edited by Ultrarunner; 01-12-2014 at 12:23 PM..
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Old 01-12-2014, 06:36 AM
 
Location: NC
9,361 posts, read 14,107,382 times
Reputation: 20914
A thought--could you change the roof slope while you are at it? Flat roofs do not last very long.
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Old 01-12-2014, 09:22 AM
 
Location: Johns Creek, GA
17,475 posts, read 66,054,754 times
Reputation: 23626
Seems most are going off on some tangent or another. I'll stick to the question at-hand-

You'll need to get a home equity loan.
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