MemberOctober 26, 2022 at 3:45 pm
That sounds like a big job! It’s likely that a roof inspector would be able to provide you advice on replacing your shingles with a different type of material. I’ve used Todd Boyde from Insight Management for a couple of roofs and I’ve been very happy with his advice. If you call and generally explain your situation he will point you in the right direction. 587-438-8560
From a corporate governance point of view, the condo property act says you can’t use reserve funds for capital improvements. And the condo property act also says that you need a special resolution of the owners to pay for capital improvements by special assessment, so that may make things more difficult depending on how different the new roofing system is from the current one.
My biggest piece of advice for any condo looking to update the roof is to always hire a roof inspector to double check the work. The roof inspector will charge several thousand dollars to do this – generally around $5,000 for an apartment style building or around $500 per unit for a townhouse – but it is so worth the money! It is so common for condos to get a new roof, and then only a couple of years later spend $10,000s on roof repairs because the original contractors cut corners.