The Basics
The HOA has 13 buildings
100 square feet of roofing, or 3 bundles = 1 square (in roofing lingo)
Our buildings total 725 squares + 10% waste= 800 squares
We have Tamko Heritage/Autumn Brown  50 year shingles, 15 year wind warranty, 7 year full start period (roofing lingo for the amount of time they will fully warranty the roof and cover labor costs. After that, the materials are pro-rated and the labor is not covered). We are a few years beyond that.
Currently (2017), their new full start period is 15 years.
tamko-fiberglass-and-asphalt-shingle-limited-warranty-and-arbitration-agreement
The roofs were last replaced between 2006-2008.
Our 25 year roof reserve was started in 2012 and collects $9285.00/year. We currently have approximately 60K in the reserve.
Problem:Â We have had some cracking and splitting failure on all roofs, so we sent samples to Tamko to determine if it was the shingles that are faulty. Tamko determined the shingles are faulty and will replace with the exact same style and color 80% of actual squares (no waste) = 580 squares. This offer is good until August of 2018. We can not get the dollar amount, only the goods delivered to our roofs. The dollar value is approximately 60K.
roofcalc.org : This site is loaded with information about what to expect to pay for roofing.
Heritage 50 year = $85-95/square x 800 squares = $72000.00
national average for underlayment, flashing, ventilation and nails= $17./square x 800 = $13600.00
national average for labor (removal & disposal of 1 layer + replacement) = $260/square x 800 = $208000.00
total for replacing all roofs = $293600.00
less 80% of the cost of the replacement shingles = (60000.00- Tamko’s award)
The total our estimates shouldn’t go over= $233600.00
Posted in Roofing Project 2018 by Susan with no comments yet.
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