Though not too extreme, the thunderstorms in Worcester aren’t too kind to roofs. If not maintained well, your roof might give in earlier than expected.
Worcester, MA roofing contractor On Top Roofing explains that when shingles are missing or curling or you start seeing stains on interior walls or ceilings, it’s time for a roof repair.
For when that time comes, property owners must be financially prepared to have their roof repaired – or replaced.
Below are a few tips to create a roof repair budget and avoid spending more by opting for financing:
Saving up for roof repair over time can make it easier to budget. If your roof is nearing a decade old, you should start saving for and planning for repairs.
You can ask relatives or friends who recently had their roof repaired a ballpark price so that you can set up a plan. While many roofers offer an array of financing options, it would be nice to have adequate funds when it’s time to repair a roof.
Obtain an Accurate Free Estimate
Try to get free price quotes from several roofers and find the average cost of the estimates instead of relying on an estimate from only one roofing contractor. Free price quotes also allow homeowners to explore different payment options so that they can maximize their savings.
Include an Emergency Budget
Never commit to a roof repair or remodeling project without an emergency budget that covers all incidental or unexpected costs. An emergency budget can be 10 to 20% of the quoted price, and if you don’t spend it, you can use it for minor roof improvement or put it towards savings. Setting aside a contingency fund for emergencies ensures homeowners don’t overspend during roof repair.
Budgeting for a roof repair is critical for homeowners whose roofs are at least a decade old. Even if a roof is only seven years old, it’s wise for homeowners to start to save up early enough so that a surprise roof leak doesn’t derail their financial plan.