A homeowner is likely to have to tackle roof replacement at least once in their lifetime. It’s a considerable investment that you should prepare for. You don’t want to keep putting it off for another season until your old roof is leaking and causing more expensive damage to your home.
Paying for a New Roof
It’s entirely possible to pay for a new roof in cash, which means you don’t have to deal with a lender just to finance the project. As it’s not cheap by any means, saving for a roof replacement may take a while, so start early, preferably as soon as you move into your home.
Apart from not having to deal with another party to get your replacement funds for a new asphalt shingle or metal roofing system, thereby saving you the hassle, you don’t have to worry about interest, either. Paying cash is still the best way to finance a home improvement project.
Not all homeowners have that kind of money in the bank. That’s why most people who pay for a roof replacement do so by means of a loan.
You have different options in terms of financing, and some are better than others, depending on your situation. One of your best options is financing through your roofing company.
Financing Through Your Roofer
Some roofing companies provide this option. They work with banks and other lenders to enable their customers to finance their projects. In many cases, a roofer would offer special promotions that you might want to find out more about, as these specials can be much better than going to a lender yourself.
If you’re wondering how roofing companies are able to offer lower interest rates than banks and other lending institutions, the answer is simple. They enjoy the advantages of volume lending, so banks often give them special rates. Your roofer is capable of passing on a lower rate to you because they pay less than individuals have to.
If you’re going with a roofer’s financing services, make sure they don’t have a confusing contract with a fine print designed to make you miss a few things. At Burr Roofing, Siding & Windows, you can be sure you’re getting a tailored financing contract that matches your needs and budget. Get in touch with us today at (203) 345-1333 or use our form for a free estimate. We also offer vinyl siding installation.