re: New Home issues. Advice requested.

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If you do replace, look into a material that will be rot resistant like hardie or other types of cement board.

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If fascia is rotting after 2 years, there’s something beyond a material issue. Find the root cause before simply replacing the fascia.

OP— is the drip edge overlapping the top outside edge of the fascia? Are there gutters? Are the clogged? If water is getting behind the fascia and it’s staying wet, you’re going to have issues with sub-fascia and maybe rafter tails rotting out as well.

If your contractor is not being responsive and passing this off on the subs he was responsible for hiring, I’d go ahead and consult an attorney now. Don’t let the clock keep ticking. Might be good to hire a building scientist to come out to look at and document the issues as well. Good luck!