Roof difference: Tile vs. Asphalt Cost in Viera FL (insurance, condo)

[WonderwomanNot]

I see that some communities you can choose between a tile roof or an asphalt one. Does anyone know the (ballpark) difference in cost between them? In particular, when building the cost differential for it and then again, how much you would "save???" on home insurance.

I'm talking about a 2000 one level cement block home, west of I-95 in Viera

[kyle19125]

A tile roof will cost 20-25K while asphalt should run around 6-7K. If able you might consider metal roofing which costs about 15%-20% more than asphalt with better durability and energy savings.

[logybogy]

Metal is great for hurricanes. There's a reason it is used throughout the keys and carribean.

[HarryWhom]

I replaced my roof in May of '21. I got 4 estimates. All were within a few hundred dollars. 1700 Sq ft home. $17000 for shingles, $18000 for 5v crimp metal (exposed fasteners), $22500 for standing seam metal. Indian River County. The metal prices were for the plain galvalume, colors are an extra $4500. I didn't get a price for tile because the roof has to be designed for it.

[WonderwomanNot]

Thank you. With your 1700 square foot home, would you mind letting me know what your home insurance is? Thanks.

[HarryWhom]

$1825 a year. House was built in 2006 and qualifies for wind mitigation discount.

[HarryWhom]

I didn't mention before that I have a pool and the screen enclosure is included in that insurance.

[WonderwomanNot]

Thank you. I appreciate your response. Still pondering whether moving to FL makes good $$$ sense.

[BrevardREALTOR]

@wonderwomanNot One additional consideration when deciding if Florida makes good fiscal sense is there is no state income tax. This can be quiet a savings that can help balance the roof, home & auto insurance costs.
Also, I do like to let anyone new to the state that the majority of damage during a hurricane is classified as flood so it's a good idea to consider flood insurance even if it's not required. It's much less expensive if you're not in a flood zone, but like all other insurance costs it has increased lately.
Good luck with your decision!

[City Guy997S]

Originally Posted by BrevardREALTOR

@wonderwomanNot One additional consideration when deciding if Florida makes good fiscal sense is there is no state income tax. This can be quiet a savings that can help balance the roof, home & auto insurance costs.
Also, I do like to let anyone new to the state that the majority of damage during a hurricane is classified as flood so it's a good idea to consider flood insurance even if it's not required. It's much less expensive if you're not in a flood zone, but like all other insurance costs it has increased lately.
Good luck with your decision!

The no income tax thing is really weak.............If someone is retiring to a small home/condo the income tax savings would be eaten up in the insurance costs instantly. Think about it, what would a retiree pay income tax anyway? Lets imagine FL has a 5% flat income tax and a retiree lives on a 36K pension......$1800 in tax due.

Majority of the damage from a hurricane is flooding? In 45+ years of living here I'd disagree. But while your on the subject of flood insurance, its worth noting that the insurance has a limit of $250,000 for a payout.