Welcome to the Money Pit.
We were hoping to not have to replace the roof of The Box House until we can sell the other house(s), but I'm not sure it can wait. We first noticed a tear in the membrane in July, when we were up on the roof in order to take down the grotty old TV antennas. We put a temporary patch on ourselves at that time--a large contractor construction bag held in place with duct tape. But two weeks ago the tenants reported water was coming into their bedroom on the opposite side of the building during a particularly bad thunderstorm.
Well, we decided to have a few contractors come in to give input and estimates. One by one, we took them up onto the roof today. Yesterday was a real soaker, a non-stop rain of about 24 hours, with more water coming into the tenants' unit, although not as much as before--a good time to have contractors see it, I guess.
There are several more tears in the roof membrane now. The ballpark estimates so far range from $85 to $12,000. Yup. You read that right. For eighty-five bucks, one of the contractors would cement the patches and hopefully get us through a winter season, but with no guarantees. He suggested it was time for a new roof. The second contractor said $6,000-$12,000 for a new roof, but will write us up a quote for some more extensive patches. Again, no guarantees the patches would solve the leaking. The third guy said maybe $12,000 for a new roof, but he'll write up a quote for patchwork, too.
*Sigh* I'm not sure how we'll proceed, but we do need to quickly find a solution for the leak in the tenants' unit.
And now for a bit of levity...