Something else I was thinking about. In 1997 it would cost you $100-120 a square for us to tear off your roof, haul away debris, install new shingles. We use to price $35 for material, 35 for tear off and 35 to install. Today we have $125 and up per square in materials, minimum. Tear off is still only about $45-50....and install is 65-70 a square, and then we have 2 story and steep fees. So you can see materials have went up about 200-300%+, tear off has went up about 25% and install up 100%.
Now if these numbers hold true.......in 2040, materials could cost us $300+ a square, tear off $60-65 and install $120-140. Total in 2040 projected to be about $450-500 a square to have your home roofed, with no decking included. In 2000 it was $100-120 in 2020 $230-300 in 2040 $500.
So if I am thinking right, HOA dues really need to increase at least 5% a year? And that's just for the roof, correct? I assume HOA's take these projected increases into consideration when figuring HOA dues? I can see how that could be very tough to figure...probably takes a lot of time and preparing.
Now if these numbers hold true.......in 2040, materials could cost us $300+ a square, tear off $60-65 and install $120-140. Total in 2040 projected to be about $450-500 a square to have your home roofed, with no decking included. In 2000 it was $100-120 in 2020 $230-300 in 2040 $500.
So if I am thinking right, HOA dues really need to increase at least 5% a year? And that's just for the roof, correct? I assume HOA's take these projected increases into consideration when figuring HOA dues? I can see how that could be very tough to figure...probably takes a lot of time and preparing.
