How Should I Pay For A New Roof

Here are five of the most common options.

How should i pay for a new roof.

Some may just ask for the full payment at the end of the job. On an average size roof that just takes a few days most contractors may ask for a small deposit and the balance on completion. For instance if you have an older roof most likely ten years or more depending again on your policy and the type of roof it is your insurance company may only pay out a percentage or portion of your roof repair or replacement cost since the overall value of your roof would have depreciated over the years. The options we discuss in this roof guide are the most common ways that homeowners pay for new roofs.

Straight off the bat. The insurance company only wants to pay for the front part of the roof. That said on average most contractors will charge between 3 50 and 5 50 per square foot or 350 to 550 per square 100 sq ft to install or replace an asphalt shingle roof on a typical house. We live in new jersey and had wind damage to our roof during a storm last week.

The national average total cost of removing and replacing a roof is about 7 300 says homeadvisor. We called a roofer and received an estimate to remove both roofs and replace with new shingles for 7 500 00. According to the bbb when you ve selected the roofing company. Thus at the mid point of the above price range you can expect to pay.

But if you can qualify for a credit card that offers a 0 apr promotion you could pay off the costs of fixing your roof interest free. It needs to be stated that not all roofs are made the same and not all roofers charge the same prices. But while the high end of the typical price range is about 10 000 a new roof made of top of the line materials can cost as much as 30 000 or even 100 000. There are a couple of things to note however.

The second one is 9 years old. Expect to pay several thousand dollars for your new roof. Although replacing a roof can be expensive there are ways to finance the project to make it more affordable. If you have homeowners insurance you might be able to use your policy to cover the cost of a new roof.

Tips to save on new roof costs the average price range for a roof replacement can run from 260 to 700 per square foot depending on the roofing material used. Many consumers go to their bank credit union or other lender for a home improvement loan. Discuss payment you should never pay for a roofing job upfront. On a larger job that may last a month or two a deposit and progress payments may be outlined in a contract to secure large orders of materials and labor.

Having a new roof installed is expensive and many homeowners wonder what the best way to pay for the roof might be. We have two existing roofs on the house.