27 May HOW CAN SO MANY OF MY NEIGHBORS AFFORD A NEW ROOF?
Perhaps over the years, you’ve done small upgrades to your home—replacing some carpet, brightening a room with fresh paint, updating window treatments—but have avoided big-ticket items like the roof. You’re well aware that it’s getting older and needs to get replaced soon. Maybe you’ve even noticed that some of your neighbors are getting new roofs, and you’ve wondered how they can afford them. The pressure might start to build up about your roof. There are a couple of possibilities that might explain how your neighbors are affording their new roofs:
1. Paying cash—I know what you’re thinking: This blog isn’t helpful. I don’t have the cash. Well, stick with me just a little longer.
2. Getting approved for a loan—It’s common for homeowners like yourself to take a loan out for big-ticket items for your home. Roofing is a common one along with kitchen and bath remodels, but we did not write this particular post to encourage you to take out a loan.
3. Storm Damage—Here we are. Lol…Storm damage could be why many of your neighbors are getting new roofs. Now, you could be thinking, “When did a storm come through?” Maybe you’re a deep sleeper or maybe you were out of town or simply were at work and were unaware that it struck your area. Just recently, a big hailstorm went through Tulsa, then Owasso, and then into Claremore. This storm was very isolated. We were literally just a mile away meeting a customer when this hailstorm hit, but it didn’t even sprinkle where we were. It wasn’t until my hail report subscription started popping up that I was made aware of what had happened.
It’s very possible that a hailstorm has come through at some point, and that’s why your neighbors are getting new roofs. The first two options are possibilities as well. Maybe they paid cash or took a loan out, but maybe they simply paid a $1-2,000 deductible and their insurance paid the rest. You might be thinking, “Well, how do I know?” A roof inspection would be a good idea. Robert Moore Construction performs these for free. Also, you can check out our blog post “How Can I Tell If My Roof Has Hail Damage?” You can always reach out to us if you have any further questions.