Personal Finance (Not Investing) • If I own a house for 30 years and I replace the roof twice, do both replacements count as capital improvements?

No. If you replace it, your current roof will not be part of what is being sold, after all.

So I guess it is better to leave the 1st roof and lay the 2nd over it (which is not uncommon). Image may be NSFW.
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Since the exemption (if applicable) is $500k for a couple most people don't need to worry about this.

In my area I think you can have two layers of roof but not three. Which is why when I had my roof replaced in 2005 all had to go down to the wood.

It is always preferable to replace everything. Crew is already up there, added cost is relatively small. They can inspect and repair subroof as needed instead of letting hidden problems worsen for more years. Adding a layer just masks any underlying problem, and adds thousands of pounds extra stress on the house.

Statistics: Posted by Chardo — Thu Mar 07, 2024 4:16 am — Replies 79 — Views 8886

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