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Old 06-22-2013, 08:18 AM   #1
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Will New Roof Increase Value?

A couple weeks ago, we went on a trip from central Texas to SW CO when we got in a terrible wind storm south of Lubbock (go figure!). Somehow the wind got underneath a seam of our roof (a one piece solid gelcoat roof), lifted part of it and caused three tears in it. Since it couldn't be repaired, insurance is paying to replace the entire roof.

The original roof was nine years old and had long ago turned chalky, although I washed and waxed it on a regular basis. Since the roof is one piece, everything will be replaced including the vents and wiring underneath it. I'm having two additional feeds installed to the front and back TVs so that we will be able to watch DirecTv and record other channels at the same time.

My questions is whether or not having a brand new roof installed will increase the value of the MH (it will cost a minimum of $18K to replace it) or will the NADA value remain the same as a comparable year MH? I'm getting ready to sell it and need to know what to ask for it.
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Old 06-22-2013, 08:24 AM   #2
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Quote:
Originally Posted by golden View Post
A couple weeks ago, we went on a trip from central Texas to SW CO when we got in a terrible wind storm south of Lubbock (go figure!). Somehow the wind got underneath a seam of our roof (a one piece solid gelcoat roof), lifted part of it and caused three tears in it. Since it couldn't be repaired, insurance is paying to replace the entire roof.

The original roof was nine years old and had long ago turned chalky, although I washed and waxed it on a regular basis. Since the roof is one piece, everything will be replaced including the vents and wiring underneath it. I'm having two additional feeds installed to the front and back TVs so that we will be able to watch DirecTv and record other channels at the same time.

My questions is whether or not having a brand new roof installed will increase the value of the MH (it will cost a minimum of $18K to replace it) or will the NADA value remain the same as a comparable year MH? I'm getting ready to sell it and need to know what to ask for it.
Ask the price you think it is worth or the price you would pay for it if you were buying it. NADA is a good place to start but every coach is different. There is no adjustment for "NEW ROOF". I myself would worry that the new roof will blow off like the original one. Hopefully the people who built your coach put the new roof on it. Good luck...
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Old 06-22-2013, 08:53 AM   #3
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Almost the same thing happened to me, but it was hail, on my 2004 Bounder needed a new roof, I called the factory because I wanted this job done correctly, there number $$ was different than the insurance, check , they ended up totaling it, I bought it back made some repairs and sold it for a fair price to a friend that wanted to get into a rv, they love it at half the money, I went with a Monaco pusher for a little more. If you get a poor job on the roof your RV will be worth less. Good luck
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Old 06-22-2013, 08:54 AM   #4
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It's pretty unlikely that a new roof would have the same problem as it is one piece, being made at Winnebago and shipped to my RV repair place here. It was a fluke that the damage happened, but it did. I can't see I happening on a brand new roof. (I hope!)
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Old 06-22-2013, 09:11 AM   #5
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golden, was this covered by your insurance or was it considered an act of nature and you had to pay for the entire repair?
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Old 06-22-2013, 09:36 AM   #6
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It may add some value to some people. If nothing else, it is a good selling point vs other coaches of the same age.
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Old 06-22-2013, 09:43 AM   #7
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I doubt it will appreciably increase the value of the rig, but it might increase the desirability. In other words, all else being equal, someone trying to decide between your rig and another may decide to choose yours because it has the new roof.

Invariably when working to settle a total loss, while working in auto claims, the aggrieved owner would try to convince us that the tune up he'd just done, or the transmission he'd just rebuilt, or the brake job...should be returned dollar for dollar. Problem is, people expect the brakes to work, and the transmission to shift, and while hearing that they've just been replaced may make the car more desirable, it does not add the full cost of the repairs to the value. Vehicles take maintenance and you don't get the vast majority of that expense back. Potential buyers expect the rig you're selling has a roof...
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Old 06-22-2013, 09:55 AM   #8
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I don't think it would add any value other than you will be able to advertise the new roof. The is no upgrade in the endeavor as the coach came with a 1 piece Fiberglas roof that should have lasted. It will look good and with all the new vents, covers, caulking, etc. It will look good and help with a sale.

The ability to run new updated electrical for components to the bedroom will however add some value for those wanting it.

Just my opinion.
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Old 06-22-2013, 10:04 AM   #9
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if I was in the market for a coach and looking at several like most do..and yours was on short list and say 4 grand more but new roof and the others just patched up like normal I would not fight paying more not 18 g but yes more...jeff
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Old 06-22-2013, 10:26 AM   #10
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golden, was this covered by your insurance or was it considered an act of nature and you had to pay for the entire repair?
My insurance covered it as a no-fault collision. I maintained that it should've been covered under comprehension but I lost that battle. I'll be looking for a new insurance company when my policy expires (because I've been told that my rates will rise dramatically).
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Old 06-22-2013, 10:31 AM   #11
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My insurance covered it as a no-fault collision. I maintained that it should've been covered under comprehension but I lost that battle. I'll be looking for a new insurance company when my policy expires (because I've been told that my rates will rise dramatically).
At least you had it covered!

I doubt if going to another insurance company will save you much as you must divulge you had a claim in recent past( unless you don't, but if caught it will have bigger ramifications). The recent claim will follow you for likely 3 years till claim free again.
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Old 06-22-2013, 12:16 PM   #12
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It's not so much that I want to change insurance companies, but rather there was an implication that they wouldn't mind if I did. I will shop around but regardless of where I decide to go, I will divulge any and all claims.
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Old 06-23-2013, 02:04 AM   #13
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Whether you divulge it or not they will find out about it fast. Insurance companies go to just a few websites that are connected and can find out not only about accidents and claims but what other vehicles are or have been listed to you. They can also tell you who ever had a car listed for the address you them. The address, name and license number gives them all kinds of information. Yep I did some temp work at a vehicle insurance company finding that info out.
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Old 06-23-2013, 05:18 AM   #14
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It may add some value to some people. If nothing else, it is a good selling point vs other coaches of the same age.
X2! ^^
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