3 Ways To Take The Financial Sting Out Of Roof Replacement
Even with proper care and maintenance, most residential asphalt roofs these days will need major repair or replacement after about 15 years. If your roof is showing signs of wear and tear or if you've been told you need roof replacement, you may be feeling understandably unhappy about dropping thousands of dollars on this home improvement project. Fortunately, there are plenty of practical ways to lessen the financial burden of paying for a new roof!
Check With Your Insurance Company
Are you in need of roof replacement as a result of recent storm damage or high winds? If so, then there's a chance that your roof replacement could actually be covered by your homeowners insurance policy. It can never hurt to give your insurance agent a call to find out whether or not you may be covered. Even if your insurance pays for just a portion of your roof replacement, that can save you a pretty penny! Just be sure to call sooner rather than later, as you'll need to get the ball rolling with the claims process.
Take Advantage of Rebates and Tax Breaks
Roofing manufacturers, installers, and even the federal government offer rebates and other money-saving promotions on new roofing projects all the time. It's just a matter of asking around and taking advantage of what's available to you. A rebate can easily save you hundreds or even thousands on your roofing project--and even if there aren't any rebates currently available, you can likely write off a portion of your roof replacement project to save you money come tax time (so keep those receipts!).
Ask About Same-as-Cash Financing
If spreading out the cost of your roof replacement project over the course of a few years would be financially easier than paying for the entire project in cash, don't hesitate to ask your roofing company about same-as-cash financing options. Many larger roofing companies are able to offer their own financing or even third-party financing options that allow you to take up to several years to pay and with 0% interest for those who qualify.
It's no secret that installing a new roof at your home can be an expensive undertaking--often costing thousands of dollars from start to finish. By taking advantage of these tips and tricks, however, you can either save money up-front on your new roof installation or at least take some of the sting out of paying for it. Contact a company like Colorado Western Construction for more information on roofing options.