You wake up in the middle of the night and hear that dreaded sound: drip, drip, drip. As a homeowner, you know that can mean only one thing. It’s time for a new roof. It is no secret that a roof replacement can get expensive and fast. While there’s no true way to make it not expensive, you can still get a great price on a new roof and make it a worthwhile investment. Here’s what to do to get a great price on a new roof.
How Much Does a New Roof Cost?
Like all home improvement projects, the cost of a roof depends on a variety of factors. Will you just be doing some minor repairs or replacing your old roof with a new one?
You’ll also need to consider materials – composite shingles are considerably more affordable than metal roofing but don’t last nearly as long. The size of your roof and how many angles it has will also affect the price.
According to This Old House, the cost of a new roof can range anywhere from $8,500 to $14,000+, with the average settling around $10,000.
Check Your Home Warranty
A home warranty can be a valuable asset in ensuring that you get a good price on a new roof. By understanding your warranty coverage, exploring options to add roof coverage if necessary, and leveraging the warranty when working with contractors, you can potentially reduce the financial burden of roof repairs or replacements, ultimately saving you money in the long run.
It’s sometimes easy to forget your home warranty. If you’ve recently bought your home, check through your paperwork for warranty coverage information. You can even contact the previous owners. New homes can have warranties, too. Check with the Federal Trade Commission for the guidelines on how they work.
Get a Roof Inspection and Quotes
You’ve probably caught yourself comparing prices in the grocery store, so of course, you should shop around when it comes to roofing quotes. First, start by getting a roof inspection. Even if you think the problem is obvious, it’s easy to miss details if you’re untrained. A roof inspection will give you a concrete list of problems you’ll know to address.
Once you have your detailed inspection list, it’s time to get a new roof quote… or several. Getting multiple quotes simply ensures you’re getting the best deal. You can even reach out to trustworthy family and friends for roofer recommendations to get a great price on a new roof.
However, be mindful of those too-good-to-be-true deals because, in all reality, they probably are. Someone could do it on the cheap, but are they certified with a business? Or do you need to pay them under the table? You run the risk of them doing poor work with low-grade materials, and it may cost you more in the long run to fix any problems they potentially create.
It’s best to go with a local, trusted roofing business. If they have good reviews, are prompt with their response to your questions, plus can redo your roof for a reasonable price, you’ve hit the roof jackpot!
Replace or Repair with a Roof Loan from HFS Financial
Once you have all your information — what your home warranty covers, getting a roof inspection and quote, and how much it will cost — it’s time to make a decision. Should you replace your roof or simply repair it?
The good news is you can do either when you apply for a home improvement loan with HFS Financial. We have the right platform to find you the best roof loan options, and it takes only 60 seconds to apply. Your credit score won’t be affected by inquiry, so there’s no need to wait. “You Dream It, We finance It!”
A new roof overhead will be the comfort you need for the life you long for. Apply today!