What Can You Do If You Can’t Afford a New Roof?

what can you do if you can't afford a new roof

Damage from a storm or the sudden collapse of an old roof can be a devastating occurrence. Suddenly, something that you had put on the backburner is now a pressing need, and you have to figure out how to pay for it before it destroys your home.

Don’t panic, however. There are several ways to get the money to fix your roof before a bad situation turns worse. 

Consider Refinancing

Surprisingly, you may not have to search for money when the equity in your home could be there to save you. In the event that you need to replace your roof quickly, you may be able to utilize a home improvement loan. Home improvement loans are designed specifically for repairs to the home and they use the equity that you have in your house to help finance them.

If you decide that this is the option for you, be sure that you speak to multiple loan officers to get the best rates and the most agreeable terms. Don’t settle for the first thing that comes your way simply because the situation is pressing; many loan officers are more than happy to offer better terms when they know you are shopping around.

Put Money in Savings

While pulling money out of savings may be the last thing you ever want to do, it is an option that you have.

If you do not have the money in your savings account for your roof at the moment, you can always set a rule for yourself to set aside a certain amount of money each week until you meet your goal.

You may have to take a look at your budget and see where you can cut costs to make it happen.

Check With Your Insurance

Your insurance may be more generous than you think. Some people are able to get their whole roof replacement covered simply because they took the time and worked with their insurance.

If you don’t want to touch your finances, you can always ask your insurance company if they will cover your claim. 

Utilize Online Fundraising

We live in a digital age and many people are taking advantage of this by using crowdfunding platforms to pay for their dire expenses. This is especially the case if your immediate circle of family and friends does not have the funds to be able to help you pay for your new roof.

A generous stranger may be able to help you reach your goal and save your house.

Ask Friends and Family

Turning to family and friends for money can seem downright icky for some people, but it is a valuable tool that you have at your disposal.

Everyone goes through times of need, and you never know who might be willing to help you through yours. Put the word out among your family and friends, and see if anyone would be willing to chip in.

Finance Repair Costs

If nothing else works and you need your roof replaced immediately, you still have options. Many roofing companies offer financing options so you can pay off your roof in installments instead of all at once. Even if your roofing company does not offer this, you can always pay for your roof with a credit card or a personal loan.

There are many financing options that will give you plenty of time to repay your loan without having to accumulate an immense amount of interest.


Being able to afford a new roof should not be the thing that stops you from keeping your home protected. As one of the top Tampa and Orlando roofers, Janney Roofing offers financing options so you can get your roof taken care of as soon as possible.

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