What to do When a New Roof isn’t in your Budget

Roof financing - What to do When a New Roof isn't in your BudgetSo here you are, standing at the mailbox at the end of a long day. You check your mail only to find that your homeowner’s insurance company sent a nice letter threatening to cancel your policy unless you provide proof that you’ve replaced your roof. What are you going to do? How will you afford to pay for a new roof when you are working your hardest just to pay your monthly bills on time?
Don’t panic! Take a deep breath; it’s going to be ok. You have options and we are here to help!

No, this isn’t the type of article that’s going to list simple ways to save money by suggesting things like forfeiting your beloved (and most necessary) morning coffee at Starbucks to toss five bucks in a mason jar every day until you have ten thousand dollars saved up to pay for your roof replacement. Although that might be a good idea, but by the time you’ve saved up enough money to pay for your new roof, your insurance policy would already be long gone. Instead, we are going to share a more practical option so you can get the insurance company off your case and get on with your life with a beautiful, water-tight and long-lasting new roof over your head.

If you haven’t already done so, you’ll want to contact at least three different local roofing contractors to request quotes and compare pricing, warranty, and material options; among other things. (See our previous article: What to Consider when Selecting a Roofing Contractor)

The most important thing to remember is to only request estimates from licensed and insured contractors; so be sure to do your research before choosing a company. If you’re home is located in the Clearwater and surrounding Tampa Bay area, be sure to include Done Rite Roofing in your list of companies to call for a free quote.

Here at Done Rite Roofing, we offer financing options through Wells Fargo where you can make monthly payments without a down payment or deposit required and with little-to-no interest over time depending on the repayment plan selected and based upon credit approval. If approved, the card you will receive is a Wells Fargo Home Projects Visa which can also be used later on for other home improvement projects such as window or air conditioner replacement for example. It’s easy to apply on our website. Simply follow this link to apply www.doneriteroofing.com and don’t hesitate to call our office at 727-771-8747 if you have questions regarding the application process or repayment terms.

If your credit history is less than perfect and you prefer not to finance based on your credit score and credit worthiness, there is another option that many people are unaware of. This is called the Pace (Property Assessed Clean Energy) program which is offered through Ygrene. This program requires that you have at least ten percent equity in your home. With the Pace program, you can finance your new roof or most other environmentally friendly or “green” home improvement projects such as installing solar panels or replacing single pane windows with more energy efficient windows. It is important to mention that this program only applies to residential customers and these loans are repaid as an assessment on the borrower’s property tax bill. Pace program eligible improvements include roof replacement, new air conditioning units, solar panels, solar pool heating, insulation, low-flow plumbing systems, impact windows and hurricane strapping, awnings, and more.

If you are ready to get the insurance company off your back or even if you just need a roof repair, do yourself a favor and don’t wait until the middle of hurricane season when it’s pouring rain inside your living room to address existing roof problems. If you’re aware of a problem with your roof, it’s important to address the issue before it gets worse. Whether you plan to finance or pay out of pocket, we invite you to call Done Rite Roofing to request a free quote today.