Household Budgeting or Roof Financing?

Most Miami homeowners dread the day when their roof needs to be replaced.  As one of the most costly and important maintenance measures to be taken to protect your home, the question is not if but when.

Lest you panic and push away practical considerations for another day, here are some introductory points to consider to help you begin to budget for your future roof:

roof financingCosts Vary Widely

This point cannot be emphasized enough.  Every cost is subject to extreme fluctuation, depending on:

  • Roof size (square footage)
  • Roof pitch (the steepness of the roof ‘s slope)
  • Materials used

To determine the size of your roof:

  1. Measure and record the length and width of each roof plane.
  2. Multiply “length x width” of each plane to obtain the square footage of each section.
  3. Add together the numbers obtained for each section to determine the square footage of the entire roof.

With these figures and price checks at Miami area home improvement stores, you can get a rough estimate the cost of different roofing materials for your home. Next, obtain three professional estimates for your roof replacement. Ask to receive each estimate in writing, with the materials and labor listed separately to make the most informed decision possible.

Once you are provided with an estimate your roofing costs, add a conservative 10 percent to that figure to cover unexpected expenses. From here, determine if funds are available or if you will need to budget and/or acquire financing for your new roof.

Household Budgeting  

To eliminate fees and the hassle of acquiring a loan, begin saving money each month.  This not only saves you money that would be spent in interest, but also gives you peace of mind by knowing that you are prepared. Reduce unnecessary monthly expenses and decide on a dollar amount to put into savings. In this manner, you may be able to amass a significant amount each month towards your roofing costs. Cutting down on spending may not be desirable, but postponing roofing repairs even longer can result in greater damages and higher costs.

Roof Financing

If the repairs to your roof are urgent, and you are unable to budget quickly enough to cover the costs, then a loan will be needed. A written estimate from the roofing contractor of your choice will be necessary in order to apply for roof financing through a lending institution. Although this option is not as ideal as preparatory budgeting, it will still help protect your lifestyle and financial security by spreading a large fee over several smaller payments.

Choose Carefully…But Act Quickly

When it comes to the exterior of your home, your time is limited.  A leaky roof can damage structural components, ceilings, walls, and insulation – the longer it lasts, the greater the ongoing damage. Select an installer who is licensed, insured, and has a good reputation to ensure that you will receive quality workmanship at a fair price. Here in Miami, A-1 Property Services, local to Miami, provides qualified roofing contractors who are happy to take care of your roofing needs!

Contact A-1 Property Services for a free estimate for your new roof replacement. As a GAF Master Elite contractor, our roofers can be depended on for reliability and quality workmanship.