How Much Does a New Roof Cost?

How do you estimate the cost of a new roof?

There are many companies that can offer a free estimate for your new roof, but how can you get an idea of what to expect beforehand?

Things to consider aside from labor and materials are the difficulty of the job, and the approximate square footage of your roof. Don't worry, you're not expected to climb on your roof with a tape measure and a calculator, although you can. A good rule of thumb to estimate the square footage of your roof is to take the square footage of your home and multiply it by 1.5.

There are some factors that can increase the difficulty of your roof installation, in turn increasing the cost. If your home features solar panels or skylights, you can expect that to increase the total price of installation. Additionally, if your roof is particularly steep, it may take longer and be more difficult to install - meaning more expensive.

The best way to accurately estimate the cost of a new roof is to contact a professional.

Does a new roof increase home value?

If you're putting your home on the market, putting a new roof on your home can be one of the best ways to position your house for a successful sale. Not only will it make your home look more appealing from an aesthetic standpoint, it can also provide prospective buyers with much needed peace of mind. They know that they won't have to immediately purchase a new roof upon purchasing the property, saving them considerable time and money. If your roof is in less than desirable condition, replacing it can be one of the most cost-effective investments you make when looking to maximize a sale price. According to the National Association of the Remodeling Industry, your new roof can average a 109% return when it comes time to sell, which means that's a little bit more in your pocket than you spent on your new roof. Plus, it can help sell your home faster.

Should you get a home improvement loan to pay for a new roof?

If you're like most people, you're wondering how you'll be able to afford a new roof. A home improvement loan is an excellent option, but get educated before you sign up.

Here are some benefits to acquiring a home improvement loan for your new roof:

• No collateral. Home improvement loans do not require you to put up any of your assets in order to obtain roof financing, meaning your home is not at risk.
• Fast funding. You can obtain access to your funds as soon as 1-2 business days, although funding times can vary.
• Lower interest rates vs. a credit card. Typically, with decent credit, the interest rates will be lower on a home improvement loan than they are on most credit cards.

If you're considering a home improvement loan for your new roof, Acorn Finance can help you unlock competitive offers. We give customers access to pre-qualified offers without any impact to their credit scores. With rates as low as 4.49%, depending on credit score, you can protect yourself from being taken advantage of by comparing offers at Acorn Finance.