Heritage Construction Residential Roofing

What You Need to Know About Roof Financing

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Roof Financing: Too Good to Be True?

You know you need a new roof but maybe you’re not sure how to fund it. The cash in the bank won’t cover your insurance deductible, or perhaps it’s been set aside for another home improvement project. Nobody likes parting with cash, even for necessary repairs. Should you just wait and let the roof keep leaking, or bite the bullet and sign the dotted line? Here’s what you need to know about roof financing.

When Should You Consider Roof Financing?

Roof Repair - Missing Shingles- Heritage Constructions Co. - Austin, TexasYou Need to Fix Roof Damages Right Away

Damaged roofs only get worse with time. When an emergency hits home and your insurance doesn’t cover the damage or you don’t have enough funds set aside to pay the upfront deductible, a loan will allow you to get the repairs resolved quickly, and that provides security and peace of mind.

You Want to Boost Your Home’s Value

Roof financing is a budget-savvy way to improve your home’s value without breaking the piggy bank. According to the 2018 report from Remodeling Magazine, a new roof will increase a home’s value about $14,320. Whether you’re ready to list your home for sale or simply want to increase your equity, a new roof is one of the best improvements you can make to your home.

You Need to Stay On Budget

Homeowners who are caught up on remodeling projects often get hit with last-minute expenses in the end. It can be difficult to stay on a track, especially when the unforeseen occurs. This leads to overspending and means you’ll eventually have to cut something from the budget. Since a roof is a necessity, you don’t want to put these repairs on the back-burner for long.

You Want to Increase Curb AppealRoof Financing - Heritage Construction Co. - Austin, Texas

If you’re tired of looking at your damaged roof and want to spiff up the neighborhood, a new roof will increase your curb appeal and change the entire appearance of your home. When shingles are carefully selected to enhance the exterior and your decor, your home will get an instant facelift that makes an attractive first impression.

Apply for Roof Financing Today

Heritage Construction is proud to offer roof financing options through Hearth. If you don’t have enough equity, a personal roofing loan means your home won’t be used as collateral and you can move quickly through the approval process, and repairs can be made in a timely manner.

Don’t wait and wonder how you’ll fix all those leaks. Keep the equity in your home, and apply for a roof loan.

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Heritage Residential Roofing

How New Roofing Shingles Improve Your Home’s Value

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Are you sprucing up your home to boost curb appeal, or hoping to save money by reducing your cooling costs? If so, this is how new roofing shingles will improve your home’s value.

New Roofing Shingles Have a Big Impact

Certainly, there are many home restoration projects that stir excitement. A kitchen remodel or a new walk-in closet complete with chandelier, to name a few.

While a new roof may not seem all that fancy, according to Remodeling Magazine’s 2018 report, a new roof can boost your home’s value an average of $14,320. 

Take a look at the reasons why a new roof might be your most worthy home investment.

Why a New Roof Adds Value

Looks Don’t Lie

Let’s talk about curb appeal. A roof is usually the first thing people notice about a home, especially from a distance. Black stains and missing shingles scream NEGLECT!

If you’re a potential homebuyer, you’re going to spend your time focusing on the roof rather than being swept away by the facade.

A dirty dingy roof with debris spilling from the gutters means there’s probably a roof leak somewhere. Upon first sight, your home visitors will have probably talked themselves down from your selling price, and are likely wondering what else could be wrong. (Not to mention those potential repair costs.) And guess what? Even if the buyer doesn’t notice your roof, their realtor will point it out. From there, the decision-making process and negotiations begin.

It’s All About the Warranty

Today’s premium-quality shingles offer extended warranties. Instead of carrying a standard 15-20 year warranty, some shingles are covered for up to 50 years. If you’re fortunate to work with a roofing contractor that offers a limited lifetime workmanship warranty, your roof will be set for quite some time, minus the usual maintenance and repairs.

Cost Savings

The latest roofing materials provide cost savings in utility bills and greater comfort. If you live in a hot and humid state such as Texas or Florida, a new Energy Star compliant roof will reflect the sunlight and can reduce the surface temperature by up to 100 degrees. By updating your shingles you’ll reduce your heating and cooling costs while benefiting from a modern style material.

Do You Need a New Roof?

Now that you know the several ways a new roof can improve your home’s value, the next thing to figure out is whether or not you need one. The following signs prove your roof is in need of some TLC.

  • Mold
  • Dented or missing shingles
  • Water stains or blistering on the ceiling
  • Shingle granules in the gutter
  • Missing or damaged flashing

Contact Heritage Construction today for a free roof inspection and reap the cost savings and return from your replacement.

 

 

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heritage residential roofing

5 Truths About Storm Related Roof Insurance Claims

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Yes, it’s true. Storm-related damages (although you may not see them) worsen over time and will probably cause a roof leak later. This is what you need to know before filing an insurance claim for damages due to a storm. After all, that’s what roof insurance is for.

5 Things You Need to Know Before Filing a Claim

Filing a roof insurance claim is a complex process

Just like filing any type of insurance claim, there are complexities involved. Homeowner’s storm damage claims are filled with all the necessary steps to confirm reported damages caused by hail, wind, etc. This means an assessor adjuster (in-house or 3rd party) will be involved in the claim process to determine the cause and valuation of the loss, which in many cases can be due to poor roof maintenance. Heritage professionals are well-versed in the claims process and are able to assist from filing to completion of repairs.

Hail damage is not covered by your roof warranty

Although your new roof might carry a lifetime workmanship warranty, these warranties exclude hail and wind damage. If you contact your roofing company for damage resolution, you’ll more than likely be told to contact your insurance company.

Insurance companies can’t cancel your policy after filing a claim (UNLESS…)

Many people worry about filing a claim because they fear their policy will be canceled once the damage has been reported. Rest assured the State of Texas does have stipulations regarding policy cancellation. Here’s the fine black print:

Under the Consumer Bill of Rights adopted by the Texas Department of Insurance, homeowner’s insurance companies can’t cancel a policy that has been in effect for 60 days or more unless:

  • You fail to pay your premium on time
  • You filed a fraudulent claim
  • There is a determination by TDI that continuing the policy would violate insurance laws
  • There was an increase in the hazard your policy covers, provided the hazard was within your control and caused the policy premium to increase.

Full roof replacement isn’t guaranteed

Depending on your insurance company and policy, a full roof replacement may not be covered. Some companies will only repair the specific areas where damage has been detected. This is why it’s important to understand your policy and what it covers.

This can wait (But it can’t)

Sure, the process of filing a claim for roof damage isn’t exciting. It can be lengthy and detailed and it’s understandable if you’d rather shrug it all off till later. With most insurance companies you can only report damages up to one year after they’ve occurred if you’re seeking compensation. Spring and autumn are the ideal seasons to give your roof a well-check so you can discover damage before it’s too late.

Heritage Construction takes pride in being experienced insurance specialists. Book your free inspection today and rest assured we’re here after the storm. We’ll walk you through the claim process, and you’ll get everything you deserve from your insurance company. That’s the Heritage way.  Contact the pros today!

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