At some point in our lives, most of us will need to arrange replacing a roof for our home. Whether we are replacing a roof of the home ourselves or hiring a company like Western Construction & Roofing, there are many questions that arise before, during and after replacing a roof is complete. Without direct experience with roofing, it is impossible to know every question you should ask about the situation when it comes to replacing a roof.
Read on for a list of 10 questions to ask during the process of a replacing a roof.
The Top 10 Questions to Ask When Replacing a Roof
1. Does the roof need replaced or repaired?
When trouble arises with your roof, it’s good to know the extent of the damage or wear. The best thing to do when you are faced with potentially replacing a roof is to get an estimate from a trusted roofer. You can rest assured that we will evaluate the life of your roof and what needs to be done to make sure it is in tip-top shape for your home.
2. Do you need financing?
A roof is an investment and oftentimes investments need funding. A home equity financing option allows you to borrow against available equity built up in your home over time; this is the difference between the market value of your home and the balance you still owe on your mortgage. If your loan-to-value ratio is 85% or less, a home equity loan or line of credit may be a roof financing option for you.
A home equity loan or line of credit (HELOC) is beneficial because you can usually get a relatively low interest rate as compared to other financing options for roof repair. This is because the home itself is used as collateral to back the loan, giving the lender less exposure to risk in the event of default on payments.
Another option is financing through a local credit union. You may also have an opportunity to get a personal loan with a competitive rate for use as a home improvement loan to finance your roof replacement.
With a roof loan, a traditional bank or credit union offers you a lump sum upfront. The amount offered as well as the interest rate charged over the life of the loan is dependent on your credit score and history.
We think this is a better option because local credit unions typically charge less interest and you support your local community.
Home equity loans and lines of credit are ideal for large expenses and home renovation or repairs, including a roof replacement. However, you must have strong credit and steady income to qualify, as well as available equity in your primary residence.
Check out this handy loan calculator to get an idea of what the loan might look like for you.
What stylistic properties are important to you?
There are many colors and styles of shingles available to you. You can choose from a traditional roof or a metal roof. You will also want to consider replacing the gutters to match the fresh face of your beautiful, new roof.
What is your timeline for getting the roof replaced?
If you are doing many renovations to your home, it’s important to consider when you want the roof replaced. The busiest time of year is spring to summer due to the nicer weather.
Who should I choose for a roofer?
This can be a tricky question with so many companies to choose from. At Western Construction & Roofing, we stand by our hard work, excellent attention to detail and quality standards. We guarantee that we are the right choice for any roofing project you may have.
As soon as you are ready to schedule an inspection to evaluate a roof replacement, please give Western Construction & Roofing a call at (208) 889-3761 visit our contact page today. We look forward to hearing from you!