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Phoenix Property Values Expected to Drop Another 10%

(EMAILWIRE.COM, July 29, 2010 ) Phoenix, AZ- According to Moody's Analytics, the average Phoenix property has loss nearly 50% of their value and the area is expecting another 10% decline. More foreclosures are expected which add to the supply and will bring property prices down even further.

As the Arizona real estate market slides from bad to worst, there are a lot of hungry roofing contractors chomping at the bit to try to sell struggling property owners new roofs, even if they don’t need one. With all this bad economic news, what is a property owner to do when they have a roof leak? Calling the traditional three roofing contractors will in most cases, give you three similar bids for expensive re-roofing.

The Roof Medics LLC, a Phoenix based roofing contractor shows struggling property owners ways to repair roofs or restore their roofs. “It’s simple, states Nicholas Bryditzki, the Roof Medic and roof restoration expert, 7 out of 10 roofs can be repaired. In fact, we have restored old worn out commercial roofs that other contractors wanted to tear off. Plus, saved the property owner 50% of the cost of a new roof and they were able to deduct the entire amount on their taxes the same year.”

Most property owners are unaware that roofs can either be repaired or restored with warranties up to 10 years, depending on their roof’s condition. “It is always good to have annual roof inspections, not an estimate for re-roofing. Have a certified roof inspector provide you a written assessment complete with photos showing you the actual condition of your roof” states Bryditzki. A roof report will show the property owner current roof condition, roof problem areas and roof solutions. Most of the time fixing small roofing problems with simple roof maintenance can prevent expensive roof repairs and even premature roof replacement.

For more information on roof restoration visit

The Roof Medics LLC
Nicholas Bryditzki

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