The average homeowner doesn’t know how good of a roof they have until they suddenly encounter a problem. Usually home repairs involve interior decorating or expansions, but the roof is something that can be the one thing that sets your house apart from others on the market, or just a big way to secure your family’s future.
There’s over 300 billion dollars invested into home repairs and remodeling every year in the United States, but more still is missing due to home repairs falling outside people’s budget’s, like roofing contractors, but it doesn’t have to be that way.
Protect Your Housing Investment
Typically, the most common home health and safety issues stem from water-related damage. When your roof leaks water, sometimes it does so in a not-so obvious way, allowing for mold and mildew to procure around your walls, the attic, and underneath the shingles. You can do something about this and be proactive or watch helplessly as your home loses value and possibly create bigger problems down the road.
Apply for a loan
Good credit, bad credit, or no credit, it doesn’t matter, there are ways to get financial help to hire a roofing contractor. There are organizations that exist to get needy families the help they need to protect their homes. These types of home repair loans are strictly for those that need emergency funding, rather than cosmetic upgrades or home remodeling ideas that don’t improve living conditions.
There or organizations like NeighborWorks that have said loans available for all locations around the United States.
Get quotes from Roofing Contractors
The first thing you need to do, if you suspect that the condition of your roof isn’t quite up to par or that it shows major signs of aging and wear, is to call up roofing contractors to see if they can come out and inspect your roof to get a quote. After you know what it will cost you for repair, then you can start asking roofing contractors that finance and what type of options you may have, depending on your level of credit.
A last-resort option for those who desperately need to get their roof repaired is refinancing. The Federal Housing Admin’s 203k refinance loan. This allows one to take out a loan to cover the cost of any home repair or renovation project by consolidating their mortgage. As long as you are diligent and keep within the goal of repairing your roof, this shouldn’t bring that much of a financial impact on your mortgage payments.
This will in-turn add value to your home, so at the end of the day, you will probably come out ahead of this big investment move, relieving a big burden of you and your family’s shoulders. You can ask any roofing contractor and/or mortgage lender for help getting your refinancing and if you are eligible for any other grant programs, as well.