At Midwest Roofing, Siding & Windows, we are passionate about serving the Minneapolis homeowners with their roofing needs. Whether it is a big replacement job or a small roof repair, we are ready and able to help you! Residents of Minneapolis know and trust our team of experts for all of their roofing needs. To help you better plan and prepare for the cost of roof repair or another home improvement project, here are six tips to help you budget:
6 Budgeting Tips For Your Roof Repair Needs
Start budgeting before there are signs of trouble, and save a little whenever you can – whether you budget weekly or monthly, those dollars will add up!
Include all family members in your budgeting – kids and spouses can help contribute to make this expense a team effort.
Budget first by cutting out unnecessary expenses. Do you eat out a few times a week? Pack a lunch or make dinner at home, and pocket the extra change. If you are a shopper, put the brand name back on the shelves and buy an off-brand instead (or come home empty handed!) Any money saved from that trip can be put into your roof budget.
Invest in routine maintenance to save yourself from expensive replacements. A roof inspection by a professional can catch leakage or roof damage before it escalates into an expensive headache.
Make sure your home owners insurance policy plan offers adequate coverage for your roof – an extra amount of coverage counts as budgeting!
Set a short and long term goal for your roof – estimate the cost of a minor roof repair project, and set that amount as your yearly goal. A long term goal (5-10 years) should include having enough saved from your budgeting for a full roof replacement.
When you are hiring your roofing contractor, be sure to ask questions before making your final decision. You want to make sure the skill and qualifications they claim are accurate. At Midwest Roofing, Siding & Windows we work to ensure all of the proper licensing, certifications, and insurance coverage is in place before we begin work.
A solid roof over your head is one of life’s basic needs. And when the one currently over your head is old, damaged, or failing, a complete replacement may be necessary. However, a roof replacement is a significant undertaking – financially or otherwise.
Not everyone has the savings to cover the sizable cost of a new roof. If this is true in your situation, financing a new roof can help you get the roof you need without having to pay right away.
Homeowners Are Often Ill-Prepared for Roof Replacement
Most homeowners will need to replace their roofs only once or twice in their lifetime. Depending on the type and quality of material used during the last installation and how well the homeowners kept up with maintenance, roof replacement only happens about every 15 to 40 years. As such, roofing projects are always placed on the back burner until significant work needs to be done.
When a roof reaches the end of its lifespan or sustains damage from a major storm, you’ll need to have it replaced as soon as possible to prevent further damage and preserve the integrity of your home.
Paying for a new roof in cash isn’t always a realistic option for everyone. There are many ways you can secure a loan to finance your roof, including credit cards, home equity loans, and personal loans. But these often come with high-interest rates, which may leave you with a massive debt. You can also risk delinquent mortgage payments and foreclosures.
Rather than putting the charges on your credit card or depleting your savings all at once, look into financing through a roofing company.
Why You Should Finance a New Roof
Getting Your Project Done Right Away
You may be tempted to delay your roof replacement project due to financial costs. But pushing off the task for too long can cost you much more in the long run. Your old, worn-out, or severely damaged roof could cause large-scale problems in your home, including:
Excessive roof leaks and water damage
Damage to the roof decking and rafters
Rodent and vermin infestation
Reduced energy efficiency
Structural damage to your home
Decreased resale value of your home
Roof financing gives you the opportunity to get a new roof without having to worry about how you’re going to pay for it all at once. The cost of replacing a roof can be cheaper if the project is completed early enough.
Save Cash for Other Potential Emergencies
Even if you had enough savings to get a new roof, you still might want to hold off on spending the money at once. This is especially important if replacing your roof would deplete your resources and leave you with nothing in case another emergency comes up.
You can choose to pay for part of your roof in cash and use financing for the rest. This way, you’ll have money set aside for another rainy day.
Insurance Coverage Available
In some cases, you can avoid paying the full cost of a roof replacement if your roof was damaged by certain occurrences. Your homeowner’s insurance could cover a large portion of your roof replacement if the roof was damaged by natural elements, such as wind, hail, fire, or theft.
When you’re eligible for reimbursement, you will be required to pay a predetermined deductible to receive your claim. With roof financing, you have the ability to break down the total deductible cost into smaller, manageable monthly payments.
Peace of Mind
Maybe one of the most significant advantages of getting a new roof and financing it through a reliable roofing company is that you will have genuine feelings of peace. You can rest easy knowing that you and your family are protected from the elements and that you won’t need to deal with exorbitant interest rates or an empty bank account.
Roof Financing Through Midwest Roofing, Siding & Windows
Having a roof financing option that suits your life will allow you to invest in your home, get quality roofing services, and maintain financial stability. At Midwest Roofing, we work with Green Sky to provide convenient, stress-free financing options to our clients. Some of the highlights of Green Sky financing include:
0% interest if paid in full within 18 months
Reduced rate of 11.99% for 84 months
Reduced APR of 9.99% for 96 months
You get payments that fit your budget. If you need more time to pay for your roof replacement, we offer loans for up to 11 years. Our staff handles the entire financing process, making sure you’re not left to stress. We will clearly explain your options to help you make the most informed decisions. Whether you’re looking for an asphalt shingle, cedar shake, or metal roof, learn how you can qualify for roof replacement financing with Midwest Roofing, Siding & Windows.. Contact us today!
Choosing the right color roof shinglesfor your home can be tough. You can’t just change your mind after the new roof is partially installed and pick a new color. Curb appeal is a huge part of choosing a style and color, but there are also other factors.
Certain colors of roof shingles are more efficient at reflecting the sun’s UV rays. The result is improved temperature regulation. Your home stays warmer in the winter and cooler in the summer. So, which colors are best for energy efficiency? White is the best at reflecting the sun’s UV rays. Light colors are more reflective, just as with your clothing. Your air conditioner and furnace will not be working as hard, which should decrease your energy bill. Advanced asphalt shingle granules are reflective and can prevent algae growth and extend the life of your roof. Discuss the options with a professional roofing contractor to get all the details.
You can’t ignore the effect of curb appeal. Certain colors complement one another, while others clash. A home with brick or stone siding has a different look than one with vinyl siding. The roof color and type of roof shingles should complement the style of your home for the best overall curb appeal. If you decide to sell your home, this can play a significant role in determining if there is a quick sale or if your home ends up sitting on the market for a long time.
HOA Rules and Special Considerations
Homeowners Associations have rules concerning roofing and siding colors. Some organizations require free standing garages and sheds to have colors matching your home. Read through your homeowner’s contract before you sign an agreement to begin work on a new roof. Historical homes may also have specific requirements to maintain the designation of historical homes. A professional contractor who has done extensive work in your area can help you to stay within the conditions applied to your home. Please contact Midwest Roofing, Siding & Windows to discuss the many colors of roofing shingles available today. We have been proudly serving customers in the Twin Cities region of Minnesota and the surrounding area for almost 50 years. Our experienced staff will be happy to show you the color options for your new roof. Let’s get started today!
As one of the Twin Cities’ best roofers, we can say with certainty: never replace your Twin Cities home’s roof without getting a strong warranty. But can you get a warranty for new seamless gutters, too? Sure! A gutter warranty is valuable insurance offered by select gutter installation services.
Good: seamless gutters. Better: seamless gutters with gutter covers. Best: Seamless gutters with leaf guard systems. For Twin Cities homeowners—especially homeowners on wooded lots—the right gutter leaf protection systems can mean the difference between healthy homes and degraded foundations.