I Can’t Afford a New Roof… Now What?
There is a time in every home’s lifespan when the roof demands attention. For most homes, the roof will need minor repairs here and there, diligent routine maintenance, and of course, the dreaded replacement. If appropriately maintained in an average climate, a roof can usually last more than 25 years. Roofs are so expensive, however, so they are not a part of the home to ignore until they cry for help.
Affording a new roof is a major feat of saving willpower. Not every homeowner can splurge on a project worth ten thousand dollars or more. In the case that you find yourself without the funds for a new roof, let’s talk about your options.
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How Much Time Do You Have?
If you’ve found yourself lucky enough to plan and save in advance for a new roof, you’re in good shape. While a new roof is an expensive project, it usually doesn’t sneak up on you quickly. If you’re buying a house, it’s important to check the age of the roof and consider your financial ability to replace it in the future before you sign the contract. If you’ve owned the house for years, you should keep the age of your roof in mind as you budget each year and save accordingly.
Unfortunately, not everyone has the ability or time to save for a new roof. You might not have had enough time to prepare, especially if a natural disaster or accident has left you with serious roof damage. If you find yourself without the financial means to replace your roof, it’s important to assess the severity of your roof damage and explore all your options.
Depending on the damage, you can repair only a section of the roof. You might also be able to choose a more affordable roofing material if your original roof is too expensive to replace. Reroofing is an option that many homeowners consider, although the roof underneath must be stable and in decent shape.
If your roof repair is due to an accident or weather damage, always get a damage assessment by a professional and submit your claim to insurance before you move forward, as you might receive financial assistance through them.
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Are You Planning On Selling Soon?
If your roof replacement project is due to an aging roof rather than damage, then you might consider when you’re going to move. There are benefits to deciding to sell your home and move if you find that some common replacements are coming up soon that you don’t want to invest in yourself. Many buyers will request that damage is repaired before they close on a house, but you may be able to find interested buyers who are willing to buy a home with an old roof as long as they’re prepared to invest in the replacement themselves.
Related Article: Should I Replace My Roof Before I Sell?
Have You Explored Financing Options?
When all else fails and you need a new roof soon, there’s no need to fear. Fortunately, you might be able to apply for financing to afford a new roof. It’s possible to find loans that will assist you in paying for home repairs, and some contractors even offer to finance so that they can start on your project right away.
Don’t Wait to Replace Your Roof With Advance Inc.
Advance Inc. urges homeowners to take roof maintenance, repair, and replacement seriously. The expense of a new roof is serious, so making sure your current roof lasts as long as possible is the best way to keep your home safe and comfortable without finding yourself in a difficult financial situation.
In the case that you need a new roof right away, Advance Inc. doesn’t want you to live in an unsafe situation. Instead, we offer financing options for homeowners so they can afford a new roof as soon as possible.
Contact Advance Inc. right away to assess your roof’s status and begin financing your roof replacement project today.