Roof replacements typically cost between $7,500 to $24,000, so many homeowners look for ways to shoulder the cost. Insurance typically only covers sudden storm or accident damage, not age-related wear and tear. Contractor payment plans, loans, and credit cards can help spread the costs out over time, but interest rates are often high. Roof restoration is a cost-effective alternative that can add years of life to existing shingles for a fraction of what roof replacement costs.
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Residential roof replacement projects frequently cost tens of thousands of dollars in the US. Most property owners don’t have this kind of money just lying around, and even if they do, having to spend it all in one place can be financially tough.
If your roof is already showing signs of age, you might feel like you don’t have much of a choice. The good news is that Roof Maxx can save you thousands and help you avoid an early replacement completely.
There are also other options out there to help you shoulder the cost. You’ll learn where to find them, how they can help, and how to navigate them safely in the guide below.
Data from across the country shows that homeowners frequently pay anywhere from $7,500 to $24,000 for a new roof. That’s a huge range, and the specific cost you face will be influenced by numerous factors, including:
Get an estimate for how much a new roof could cost you with our free Roof Replacement Cost Calculator. Then read on to learn more about the most common financing options.
You may be able to get your home insurance provider to cover the cost of a new roof if the issue is included in your policy. The catch is that most providers won’t pay for a job like this outside of a few very specific scenarios.
“Acts of nature” like these are the most common:
The key to most claim approvals is whether the damage was sudden, unusual, and out of your control. For example, regular age-related wear and tear is unlikely to be covered, but your provider might agree to cover you if a utility pole falls onto your roof.
Insurance is often the least expensive path to roof replacement, but every policy is different, so it’s important to understand your coverage in advance. If your roof was damaged by a storm or accident, contact your provider right away to start the claims process.
Many home and business owners either can’t or prefer not to pay the full cost of roof replacement upfront. As a result, some roofing contractors now offer financing in-house or through a third-party provider like GreenSky or Wells Fargo.
Plans like these offer:
Financing can make roof replacement more manageable, but the details matter. Before choosing a plan, compare options carefully and confirm the monthly payment, interest rate, and who’s managing the loan so you don’t end up paying more than expected.
Read More: Is a New Roof Tax Deductible?
Loans are another way to cover the cost of a new roof, but the options available to you will depend on your credit score and whether you personally own your home. Lenders will typically review your financial background and tack on interest rates between 8-35% or more based on what they find.
Depending on your situation, you may be able to access:
You must be able to demonstrate that you can make the required monthly payments prior to giving you the loan. If you opt for a longer payback period, or are assigned a higher interest rate because the creditor sees you as high-risk, you could end up paying thousands more.
At Roof Maxx, we think roof replacements are already expensive enough as it is without tacking on interest, too. See how much you might pay for yourself by using our free roof replacement cost calculator!
Most roof replacement projects are done prematurely because property owners rush to replace the moment they start to notice signs of age-related wear and tear. This is not only expensive, but also sends waste to the landfill prematurely.
Roof Maxx treatments are designed to help you get more life out of your asphalt shingle roof so you can avoid a costly replacement. Our plant-based solution works by penetrating deep into shingles to make them flexible again so they can better respond to the weather.
In just a couple of hours, you can improve how your roof handles:
Getting more life out of your existing roof means you’re paying less for new roofing installs over time. That means more of your hard-earned money stays in your wallet where it belongs.
Roof Maxx’s five-year warranty guarantees that your shingles will stay flexible for at least five years. Schedule up to two more treatments to get a total of 15 more years of life out of your existing roof and enjoy even greater savings!
Don’t spend your hard-earned money on a new roof when you have another option available to help you get more life out of your existing shingles. Skip the pitfalls of financing and save thousands by choosing Roof Maxx instead. To see if you qualify, schedule a free roof assessment now.
With our five-year, transferable warranty, you’ll enjoy the peace of mind that your roof and entire home are protected.
