Countering The Cost Of A Full Roof Replacement

Posted on: 22 April 2020

Finding out that your entire roof needs to be replaced can come as a big surprise, but it doesn't have to break the bank. If you're concerned about the cost of a full roof replacement and aren't sure how to lower it as much as possible, then consider these options.


One simple way to potentially take the entire payment for a new roof off your hands is by contacting your homeowner's insurance company. Many roof replacements are paid in part or full by insurance companies as part of a home's regular replacement needs. It's even more likely that your insurance company will cover it if something happens like a tree falls on your roof and damages it. In this instance, make sure that you have photos and evidence of the damage available to share with your insurance agent so that they can handle your request as quickly as possible.

Low-Interest Loans

Unfortunately, you can't deduct the cost of your roof replacement from your taxes, but that doesn't mean that you have to fully pay out of pocket. Many loan companies offer low-interest loans for emergency repairs like yours. Simply contact one and ask if they offer low-interest options for emergency roof repairs or replacements. This can keep your cost low and can allow you to put off paying the full amount until several years from now, which can make it a lot more affordable.

Payment Plans

Last but not least, make sure to talk to your roofer directly about whether or not they offer payment plans. Most roofing companies recognize that replacing a roof is a big expenditure and one that some homeowners aren't fully prepared for. As a result, they may offer a payment plan that will allow you to pay off the roof in small increments over an extended period of time. Plans will differ from company to company, so if you don't get the answer you want calling one roofer, try another.

Replacing a roof doesn't have to break the bank, especially if you follow these tips. What is important, however, is replacing your roof as quickly as possible. Damage in your home is likely to increase as long as you have a leaky roof, and could cause damage, mold, and even electrical problems. So don't put off a repair in the guise of saving money; it could mean spending more money in the long run.