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New Roof Needed

#1 User is offline   pldtiggy 

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Posted 30 March 2012 - 03:22 PM

We need a new roof but the estimates are really high. To do it correctly would cost around $14,000.00. To pay for that we would have to pull from a roth IRA. To have a neighbor do it would cost around $6,000.00. That would wipe out the emergency fund we have been trying to build up. Don't know what to do. We will be in this home for at least another year or maybe 10 years. Don't know what the future has in store for my husbands job. Can't really afford to make payments unless we stop putting into emergency fund. Any advice would be appreciated.



#2 User is offline   Scoobie 

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Posted 06 April 2012 - 04:51 PM

Can you wait a year? Will insurance cover a new roof? There are many contractors out there who specialize in getting your insurance company to pay if there has been storm damage.

They will come out and do an appraisal for free...

I used to work in insurance - many times storm damage happens and home owners are not aware of the damage.
If there have been storms in your area within the past three years or so - you may have a claim.


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