How to Budget for Your New Roof

new roof financing
Replacing a roof costs thousands of dollars. While a new roof isn’t the most exciting home update, replacing the roof in a timely fashion is key for keeping the home in good working order. When water leaks into the home or other issues occur, the home suffers more damage, leading to a more expensive replacement. Budgeting for a roof or arranging new roof financing ensures you’ll get the new roof you need when you need it.


The simplest way to pay for a new roof is to save up for it. If your roof is between 15 and 20 years old, you’ll need to think about replacing it within the next five years. Calculating the cost of the roof replacement well in advance will allow you to budget accordingly. Choose the roofing material you wish to use, contact multiple professional roofers to determine an accurate estimate, and calculate the necessary materials and other expenses, adding 10% to the final figure to account for unexpected costs.


Most home insurance policies include wind, rain and hail damage. If your Miami home suffers storm related damage, most likely your insurance policy will cover the roof repair or replacement. Keep a set of current photos of the exterior of your property, documenting any maintenance, repairs and damage. Save all estimates, invoices and bills. Having this information on hand ensures the insurance claims process is as smooth and stress-free as possible.


We work closely with Admiral Bank to provide new roof financing options for our roofing customers. If you know that you’ll need a new roof in the near future and don’t have the cash for it, financing may allow you to get the job done sooner rather than later. Admiral Bank offers loans with no equity or appraisal needed and fixed interest rates. Their no pre-payment penalty allows you to pay off the loan early if you desire. You may also consult with your tax adviser to determine if you quality for a tax deductible interest loan.

A-1 Property Services offers a full range of roofing services to the greater Miami area. To learn more about new roof financing or any other aspect of investing in a new roof, get in touch with our team today.

Roof Financing Options