What Should You Save for Your Roof Repair or Replacement Budget?

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Roof repair is one of the more expensive home improvement projects. Unfortunately, a large number of homeowners do not have enough cash in the savings accounts to do the needed repairs. Many individuals instead decide to put off roof repair or replacement which makes the issue worse.

For this reason, Harvard Roofing gives you our top advice to consider when it comes to roof repair.

1. Come up with a plan

Roof tends to degrade with time, after fifteen years, many roofs start to have problems.

This can cause severe leakage, which will be a nightmare for you. To combat this problem, we suggest that you plan in advance by writing down an actionable plan. You need to consider the size of your roof, the pitch, permits, and charges.

2. Examine the roof closely

Examining the roof can be risky and dangerous. When we say to examine it closely, we mean get a professional to examine it closely. We don't advise you to go up on your roof.

We advise you to contact Harvard Roofing to give you an estimate on how long will your roof last.

3. Select a roofing material

You need to know the materials needed for roofing. This is because roof replacement is an expensive investment.

4.Start saving

You are supposed to calculate the quarterly or the monthly cash you need for roof repair. We advise you to come up with a savings account specifically for the roof repair project.

5.You should consider different payment alternatives

You should consider several options to make the roof repair possible. Consider credit cards that provide a cash-back perk, home improvement loans, and home equity loans.

It's a good idea to set some money aside for all manner of home repairs. How much you should save is up for debate. Some recommend a fixed percentage of the purchase price of your house, and others recommend a dollar amount (like one dollar) per square foot per year.

Your roof is not the only part of your home that will need regular repair and occasional replacement. Yards need work, plumbing fixtures need replacing, and tiles can crack, just to name a few. So, saving a bit of money for overall repair needs is always a good idea.

Harvard Roofing & Sheet Metal is a family-owned business based in Langley, BC. Harvard has been supplying, installing, and repairing roofs for almost 50 years! They are “a degree above the rest” and are available 24/7 for emergencies. They operate throughout the lower mainland and greater Vancouver area.

If you have any questions about this article or would like to talk to us about roofing or sheet metal, give us a call at (604) 530-1818.

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