Replacing the roof on your house is an investment in your safety, comfort and home value. Still, you have to come up with the money to pay for the roof replacement. The more information you have about the potential cost of a new roof, the better you can prepare for this important investment. Learn what factors go into determining the cost of your home’s roof replacement, and how to make sure you can afford it.
Roofing Materials Can Affect Price
The cost to replace your roof depends heavily on what type of materials you choose. Most roofing companies offer asphalt shingles, tile, and metal roof options. Shingle roofs typically cost the least up front, and usually last up to 25 years. Tile roofs tend to cost more upfront, but are easy to repair and can last up to 50 years in Florida. Metal roofs are also more expensive than shingle roofs, but offer energy saving benefits and can last up to 70 years with the proper care. So, when you price a new roof, consider the lifetime costs and how long you plan to stay in your current home.
Financing Options for Roof Replacement
In the case of unexpected roof damage, such as from a storm, homeowners insurance sometimes covers the cost of roof repair or replacement. However, your coverage will depend on your individual policy, and your choices may be limited.
PACE financing is an option available to homeowners in certain parts of Florida. This program allows homeowners to use part of their home’s equity to pay for safety and energy efficiency upgrades. The cost is repaid as part of your property taxes, either directly or through escrow if you have a mortgage, over a period as long as 30 years. It doesn’t require a credit check, and it can be repaid early with no penalty. You will need to find out whether you live in an eligible area and then apply for financing on your own or through your roofing contractor.
Some roofing companies offer in-house financing to help make securing a loan simple. Your contractor can help you find the best financing option for your situation and the cost of the roof you want.
Delaying Roof Repair Can Cost You
If the cost of a new roof is causing you to put off this important upgrade, consider the potentially greater long term costs.
Watch for mold, a sagging ceiling, missing shingles and other signs it’s time for a new roof. Simply repairing your roof over and over or delaying a replacement can lead to major problems, sometimes leading to an emergency replacement.
A neglected roof can mean water damage, higher utility bills, and even structural damage to your home. When your roof has long surpassed its recommended life span, these issues are more likely to occur. Take the guesswork out of the situation by contacting a roofing contractor for a full-roof inspection.
Finding a Trusted Roof Installer
Finding a roofing installer you can trust is imperative. Check credentials, research online, ask about their liability insurance, and find out what financing options they offer. Get a written estimate for the cost of your roof replacement before proceeding. The right roofing company will check all of these boxes and help you make a well-informed decision.Westfall Roofing has been serving residents in Tampa Bay and surrounding areas since 1989. We provide free estimates for the cost of your new roof and offer a number of great financing options to take the headaches out of securing funds. Your new roof is a long-term investment, get the best help possible with Westfall Roofing.