A new roof is one of the most important investments you’ll ever make for your home and family. With this project, you’ll not only increase your home’s protection against the elements, you’ll also boost your property’s overall value. It is a major financial commitment, however, and covering the costs upfront requires thorough planning and budgeting.
Here local roofing contractor Glam Roofing & Contracting, LLC, shares the things you need to know about financing a new roof.
Multiple Financing Options
Cash or credit payments might be the best bet when it comes to paying for your roof repair or replacement. However, if you don’t want to compromise your available cash flow or credit, you can choose to take out a personal loan or secure a home equity loan from your bank. The Federal Housing Administration (FHA) also offers loans via its Title I program. The term lengths and interest rates may vary, so make sure you learn as much as you can about each financing option.
Availability of Incentives
Financing may be the best way to secure a large amount of funds for your roof repair or replacement, but you can also turn to federal tax credits and incentives and even industry-specific rebates and sales. A bit of research and shopping around can help you deduct a few hundred dollars more from the final roofing bill.
Peak vs. Off-Peak Roofing
The cost of hiring a contractor, as well as the price of roofing materials, can change depending on the time of year. As such, make sure to time your roofing project right. Schedule your roof replacement in the spring or fall, as these are the times when homeowners are less likely to pursue home renovations or upgrades. This decrease in demand presents a great opportunity for you to schedule your roofing project.
For your roofing needs, turn to Glam Roofing & Contracting, LLC. Our talented roofing team has the skill and experience to give your home a high-quality roof that will last a long time. In addition to roof replacement, we also provide emergency roof repair services to keep you safe from unexpected roof damage caused by storms.
Call us today at (404) 925-2266 or fill out our contact form to request a free estimate.