Reroofing a home is one of the most expensive home improvement projects that some homeowners ever face, and as a result, the topic can intimidate some people. While the cost of getting a new roof is significant, reroofing is an essential investment in your home’s future. Read on to discover the basics of getting a new roof and the financial considerations involved for this home improvement project.
Roofing Material Options
When reroofing your home, one of the most important decisions you can make is the type of material to use. Slate, asphalt, wood, rubber, and metal roofing options each have their strengths and weaknesses. For example, slate shingles are expensive due to the cost of the material and the complexity of its installation. However, they are often incredibly long-lasting and beautiful. If the price is your main concern, asphalt shingles may be the best choice. Research all of your options to choose the best material for your new roof.
New Roof vs. Roof Repair
Do you need a new roof, or is roof repair sufficient? If your roof has a strong framework and only minor damage, roof repair may be more appropriate than getting an entirely new roof. On the other hand, repairing a severely damaged roof is often not advisable. Placing repair materials on top of an unstable structure can have catastrophic results. When shopping around for roofing contractors, consider getting multiple estimates. Some contractors may try to push a full roof replacement when a simple repair would be sufficient.
Cost Considerations for This Home Improvement Project
Many factors can influence the final cost of new roof installation. Your chosen materials are often the most significant factor; materials like slate and metal can be challenging to install, and slate and wood are expensive materials to source. Other aspects of your project that can bump up the cost include your roof’s incline, your location, the time of year, and the square footage of the new roof. Be sure to consult multiple contractors until you find the most realistic bid, and contact the team at Your Project Loan for help financing your home improvement project.
Your Project Loan Can Help
When you decide you’re ready to get to work, don’t let financing hold you back. We offer a vast array of loan services, just for you. You’ll never need to worry about paying too much out of pocket for your home improvement projects, and you can start working on your home improvements immediately. We also are partnered with the best dealers in the area, so you’ll be supported throughout your entire project.
We know that home improvement projects like these are urgent matters. This is why we offer a nearly instant loan decision once you fill out our 60-second loan inquiry! We conduct business in all 50 states* and our rates start as low as 4.5%* and terms go up to 15 years! HFS Financial can help you find financing up to $200k* for your project! What are you waiting for? See your options today!