Getting a new roof can be expensive, especially if you have to replace it before you expected to due to a storm or other disaster. However, if you don’t get a new roof, you could cause damage to other parts of your house, which will cost you more in the future. When seeking new roofing Mississauga residents will discover a variety of ways to fit one in their budget even if they hadn’t planned on replacing it this soon.
Inquire About a Warranty
Depending on when your roof was first installed, it may still have a warranty. You would be surprised to discover how many homeowners don’t know whether their roof is under warranty or not. Most asphalt shingle roofs have a 20-year warranty, so if it’s been damaged during the first 20 years on the roof, you can get it repaired or replaced at little to no cost to you. To find out if your roof has a warranty, contact the manufacturer or the company that installed it to look up your records.
While it’s logical to replace your roof with the same material that’s already on it, you don’t have to do that. You can look for a material that’s in your price range instead. However, you should know that cheaper roofing materials will likely not last as long as the more expensive kind. Carefully weigh the cost benefits of choosing a more expensive material now with the guarantee that you won’t have to replace it again soon. Of course, if you absolutely must replace your roof now and the only way you can afford it is to go with the cheaper option, then be sure to choose a quality brand.
Don’t Fall for a Scam
If you need a new roof because of a storm or other disaster, it’s probable that many other people in your neighborhood do as well. These types of events bring out unscrupulous people who will try to trick you into giving them money for a new roof, then disappearing with your cash. Instead, you should contact reputable roofing companies and arrange for them to come give you an estimate. Also, be wary of paying for the job before it’s done. Many companies will ask for a deposit, but you should not be paying for the whole project before the work is completed.
Sometimes, a new roof just can’t wait and there’s nothing you can do to get around paying for one right now. In that case, you may need to finance your roof to protect your house. There are many options for financing, including a personal loan, manufacturer financing, and using your home equity line of credit (HELOC). A HELOC will likely have the lowest rate, but you may have to have your home appraised before you can get the money, and with a damaged roof, the appraisal may be lower than you need to get a large enough line of credit. A personal loan will probably have a fairly low rate as well, but you may not be able to get enough to cover the entire expense. If you run into this problem, manufacturer financing may be the way to go.
No one wants to have to replace their roof, but in certain situations, it becomes a necessity. Hopefully, you’ve planned for these types of emergencies, but even if you haven’t, there are still options available to get you the roof you need as quickly as possible. Don’t let your financial situation prevent you from protecting the rest of your house and belongings.