Roof Replacement Financing: Cash or Other Methods?
Roof replacement can be quite an expensive undertaking. That’s why homeowners are constantly looking for ways to finance their roof replacements. Thankfully, there is one way that is more practical than most other methods, and that’s by financing the roof replacement with cash.
Paying for Roof Replacement With Cash
Cash is one of the best and most stress-free ways of financing your roof. You aren’t required to have good credit, and you don’t have to pay any interest. Some roofing companies can even give you a discount for paying in cash as opposed to credit cards or installments.
However, even with these tempting offers, some homeowners are concerned that paying in cash for a new roof might mean the contractor is committing tax evasion. This isn’t necessarily the case as there are valid reasons they ask for cash instead, such as saving on transaction fees or attempting to avoid bank trips just to deposit checks. If the company is fully vetted and licensed, and carries insurance, then there’s no problem or risks with paying in cash.
There is one downside if you plan on paying with cash, however, and that’s the fact that you have to save up for it. An average roof repair can cost you up to the thousands of dollars, regardless if it’s a partial or complete roof replacement. Paying in cash also works best if the money you saved is for the sole purpose of replacing your roof. Otherwise, you may be short on funds.
To get started on your roof replacement plans this spring, turn to Krech Exteriors for your home improvement needs. We are your number one provider of siding and roofing services. Give us a call at 651-968-8888, or fill out our contact form to request an estimate. We serve clients in Minneapolis.