The cost of a roof replacement can easily reach thousands of dollars. In fact, roofing projects cost more on average than bathroom or kitchen upgrades. The bigger the project, the higher the cost. When it comes to payment, cash is always king, but this option isn’t always available for many homeowners. If the repairs are on an emergency basis, you may not have enough funds to finance a roofing job out-of-pocket right away.
It’s important to understand the most common ways roofing replacements can be financed. This can give you more options when the time comes that you need one and may even save you some money in the long run.
Before anything else, it’s a good idea to always get roofing estimates in writing. Most roofing contractors provide free estimates. Take advantage of this, and get an estimate from your local contractors. Choosing the best one isn’t always about who can give you the lowest price. You also have to choose contractors with years of experience in the business and have references from past clients to show the quality of their work.
As far as financing is concerned, two choices are perhaps the most popular: home equity loans and home equity line of credits (HELOCs). HELOCs and home equity loans are similar in that they leverage the equity you have in your home.
Financing your roof replacement through your home improvement contractor is perhaps the most convenient way to do it. Local roofers often run promotions you can take advantage of, and you’ll also be simplifying the process by dealing with only one company for all your roofing needs.
At Nuss Construction Company, we in-house financing to get you one step closer to a brand-new roof. Give us a call at (856) 988-9982, or fill out our contact form to ask us about our financing options and request a free estimate on a new roof replacement today. We serve homeowners in Cherry Hill, Moorestown and other surrounding areas.