How Should I Pay For A New Roof

Although replacing a roof can be expensive there are ways to finance the project to make it more affordable.

How should i pay for a new roof.

The second one is 9 years old. We have two existing roofs on the house. You can pay a deposit but the full amount shouldn t be paid until the job is completed to your satisfaction. Expect to pay several thousand dollars for your new roof.

The insurance company only wants to pay for the front part of the roof. Straight off the bat. Thus at the mid point of the above price range you can expect to pay. The options we discuss in this roof guide are the most common ways that homeowners pay for new roofs.

But while the high end of the typical price range is about 10 000 a new roof made of top of the line materials can cost as much as 30 000 or even 100 000. Many consumers go to their bank credit union or other lender for a home improvement loan. For instance if you have an older roof most likely ten years or more depending again on your policy and the type of roof it is your insurance company may only pay out a percentage or portion of your roof repair or replacement cost since the overall value of your roof would have depreciated over the years. If you have homeowners insurance you might be able to use your policy to cover the cost of a new roof.

There are a couple of things to note however. On an average size roof that just takes a few days most contractors may ask for a small deposit and the balance on completion. According to the bbb when you ve selected the roofing company. But if you can qualify for a credit card that offers a 0 apr promotion you could pay off the costs of fixing your roof interest free.

It needs to be stated that not all roofs are made the same and not all roofers charge the same prices. Some may just ask for the full payment at the end of the job. 5 ways to pay for a new roof. The national average total cost of removing and replacing a roof is about 7 300 says homeadvisor.

Putting the cost of a roof repair or replacement on a credit card may sound like a bad idea. We live in new jersey and had wind damage to our roof during a storm last week. That said on average most contractors will charge between 3 50 and 5 50 per square foot or 350 to 550 per square 100 sq ft to install or replace an asphalt shingle roof on a typical house. We called a roofer and received an estimate to remove both roofs and replace with new shingles for 7 500 00.

Discuss payment you should never pay for a roofing job upfront. Here are five of the most common options.