I need to paint the exterior of my house, everything is easy except the "soffit" (I believe that is what it's called, it's the part under the roof on the sides of the house that over hang), My house is old so this part of the exterior is really thin plywood (without vents) and has old (lead) paint that is peeling off (it can't be painted over). I would like to try and avoid stripping it for obvious reasons....
What I would like to do is just cut and paint new plywood (on the ground) and just nail/screw it to the old soffit plywood. I would like to do this for 2 reasons: I wouldn't have to strip the lead paint and the 2 pieces of plywood would provide more noise insulation.
What worries me is that moisture might get trapped between the layers and rot out the wood. I am not against priming the old and new wood if that will help protect it from moisture. Will this work? Will priming be enough or do I have to design it so air can move between the layers?
I am willing to go one step further if it will help and is safe; I've worked with a sound barrier called Homasote 404. What I could do is cut the 404 and install it between the 2 layers of plywood, would that work? Or would it be better to cut strips of the 404 and stagger it so air can move between the plywood layers?
Thank you