Paying for a Roof Replacement

May 27, 2021 by GLSA Mobley

---

Smart homeowners understand that the elements of their homes won’t last forever. Most of them budget for things like replacing their air conditioner and for a new refrigerator. However, one item not always planned for is a new roof. As a roof replacement company in Nashville and Knoxville, we have some information for you to help budget and pay for your roof replacement.

Understand Your Roof’s Expected Life

There are two types of asphalt shingle roofs; 3-tab and architectural. A three-tab roof, under the best circumstances may last 20 years, but likely less. An architectural shingle that’s properly installed maintained, may last 25 – 30. Because the vast majority of homes have 3-tab shingles, the average life of a roof in Tennessee is about 15 years. If you don’t know how old your roof is, your roofer may be able to help.

Plan Ahead

Remember, 20 – 30 years is best case scenario. Few roofs last that long. This isn’t always because of storm damage or a faulty installation, it’s often because of the elements. The more rain, snow and ice we have, the shorter the roof’s life. A roof that is under a tree can also age more quickly because of things falling on it and branches scraping the roof. That means you need to expect the life of your roof to be between 12 and 20 years.

Understand the Cost of a Roof Replacement

Many homeowners have no idea the cost of a new roof. Depending on your home, the size and slope of the roof and what product you choose, a new roof could cost as little as $5,000 or four times that. Most roof replacements on an average size home in middle or east Tennessee cost about $15,000. There are many factors that go into the cost so your actual roof replacement estimate may vary.

Consider Financing

If you know you need a new roof and haven’t budgeted, don’t put it off. With interest rates at historic lows, you have several options to replace your roof with financing they include:

• A HELOC
• Cash out refinancing
• Using a home improvement financing service through your roof replacement company

Depending on your situation, one may be better than another.

We Offer Financing and Free Roof Replacement Estimates

As a leading roof replacement company in Nashville and Knoxville, we offer financing for our customers who need a new roof. We’re a GAF Master Elite® roofing company so you can be assured that a roof replacement with us, no matter the material or brand, will be properly installed and that we’ll stand behind our work. Call us today to schedule your free estimate at either (865) 248-2772 or (615) 645-4500.

---