Depreciation of Home Resale from Oil Canning

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Depreciation of Home Resale from Oil Canning

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Hi. I've posted here about the horribly oil canned metal roof. The builder finally got back with me after talking to the metal company rep and the roofer. We talked about doing a more narrow panel with ribs in it. So he says "we're trying to come up with a price for you". Obviously this means they aren't footing the bill for a new roof. They may give us the upgrade credit back (9k). My question concerns the depreciation of the house if we were to sell it. If I saw a fairly new house like that, I wouldn't want to pay top dollar. I need help coming up with a number! Thanks!
Guest User
2017-05-31 12:22:33.000000
Hmmmm interesting. To me and my husband, it looks terrible. The builder still refuses to take responsibility. I think the best they are going to do is give us our $9k upgrade fee back. But that's not enough to pay for a new roof. Disappointed!
Guest User
2017-06-01 20:16:53.000000
If the roof isn't improperly done (i.e. alignment, tie in, flashings, etc.), I think the oil canning concern is somewhat subjective. It is a natural phenomena of metal just like toxic run off and granule shedding would be normal for asphalt. I don't think a home inspector could justify a depreciated value based on that fact alone to be perfectly honest. We have some client that actually want the wavier look. Go figure.
Eric Novotny
2017-05-31 14:17:55.000000
If they are offering the $9K back, I think that is definitely more than any perceived depreciation for the oil canning by order of margin.
Eric Novotny
2017-06-02 07:26:25.000000