Replacing your old roof requires the utmost preparation. To ensure the success of this home improvement project, you must equip yourself with the appropriate knowledge on how to finance it. Affordable Roofing, Siding and Gutters, one of the top roof maintenance companies in the area, shares the following tips to keep in mind below:
Obtain multiple quotes. Before determining which financing option is right for you, find out if you’ll be required to finance your roofing project by estimating how much your new roof will cost. Get in touch with at least three roofing contractors in your area and ask for estimates or quotes. Assess and compare them, taking note of the breakdown of material and labor costs. Consider estimates from reputable contractors who’ve been in business for at least a decade.
Consider your financing options. Once you’ve chosen the most sensible estimate for your new roof, you can evaluate your financing options to see if they’ll cover the total amount you need. If you don’t have enough cash for the project, you can always pick the one with the lowest interest rate. If you can pay off the debt faster than its term, select an option that doesn’t have prepayment penalties. In addition to interest rates, roofers recommend that you also consider the other costs associated with each financing option.
Understand the dos and don’ts of roof financing. Once you’ve decided how to finance your roof replacement, make sure to stick to the plan. Never spend the money or credit you receive on anything other than the project itself; otherwise, you risk breaking the terms of the loan. It could also become difficult for you to pay off the loan. Once you have your new roof installed, make sure to pay off your loan as quickly as you can. Try paying more than the minimum monthly amount if possible.
Affordable Roofing, Siding and Gutters, LLC, is here to provide you with the quality exterior services you want at an affordable price. That’s why we’ve partnered with GreenSky to provide convenient financing options to every customer. If you need a roof repair or any home improvements made, apply now or contact our team today to learn more about financing.
Call (423) 584-5600 or fill out our contact form to request an estimate.