April 23, 2024

What Can You Do If You Can’t Afford a New Roof?

Storm damage or the collapse of an old roof could be devastating. You suddenly find that something you put off is urgently needed and need to plan how you will pay for it before your home is destroyed.

Don’t panic! There are many ways to get money for your roof before it becomes worse.

Consider Refinancing

Surprisingly you don’t have to look for money when your equity in your home can save you. A home improvement loan may be available if you have to quickly replace your roof. Home improvement loans are specifically designed for home repairs and use equity from your house to finance them.

To get the best rates and terms, speak to several loan officers if you decide this is the right option for you. Do not settle for the first offer that comes along simply because you have to. Many loan officers will be more than happy with better terms if they are aware that you are looking around.

Save Money

Although pulling money from savings might not be something you want to do, it is possible.

You can set a goal for yourself to save money every week for your roof, even if you don’t have enough money.

It may be necessary to look at your budget to see where you can trim costs.

Check With Your Insurance

You might be surprised at how generous your insurance policy is. Because they worked hard with their insurance, some people can get their entire roof replaced.

You can ask your insurance company to cover your claim if you don’t want your finances to be affected.

Utilize Online Fundraising

Digital technology is a reality and many people use crowdfunding platforms to help pay for their financial woes. This is especially true if your closest circle of friends and family does not have enough money to pay for your new roof.

You might be able to save your home and reach your goal with the help of a stranger.

Ask Friends and Family

It can be difficult to turn to your family and friends for financial assistance. However, it is an important tool you have.

Everybody experiences times of need. You never know who might be willing or able to help you. Spread the word among your friends and family to see if anyone is willing to help.

Finance Repair Costs

There are still options if nothing else works, and you need to have your roof replaced right away. Many roofing companies offer financing options to allow you to pay your roof over time. You can still pay your roof using a credit card, or a personal loan.

There are many financing options available that will allow you to pay off your loan in a reasonable amount of time without accruing excessive interest.


You shouldn’t let the fact that you can’t afford a new roof stop you from protecting your home. A Old Time Roofing is a top Tampa roofing company . We offer financing options to help you get your roof fixed as quickly as possible.

This post was written by Ted Williams! Ted is the owner of A Old Time Roofing which is the premier Largo Roofing Contractor! Ted is a Master Elite Weather Stopper GAF Roofing Contractor, a double award winner of Best Steep-Slope Contractor from GAF and achiever of Master Elite Consumer Protection Excellence from GAF. He has been serving the Pinellas County area since 1978.  Old Time Roofing has a tradition of quality workmanship, servicing residential and commercial properties.