I inherited a 1960 house worth over 200k in tax assessment. It's has some issues though....foundation and internal renovation to become updated in styles.
I bought full coverage insurance for it. A month later, the insurance said I had to replace the roof or they would drop the insurance.
I got 2 bids from contractors and one bid from a company.
The lowest bid was from a roofing contractor(reputable from a friend who they did their house) for 9k - with a 5 year warranty.
The highest bid was from the company for 14k with a 25 year warranty. The company has been in business for 5 years with 5 good ratings on yelp.
Both warranties are transferable.
I plan to sell the house in a year with the probate is over. Probably as is without renovations. Would I be able to sell the house at a higher price and make my money back with the 25 year warranty versus the 5 year warranty? Would the warranty make that much of a difference in the selling price?