Emergency Cash to Get a New Roof

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The cost of a new roof depends on a number of factors:

  • The material being used
  • How much prep and cleanup is required
  • The physical characteristics of the structure

Here at LoanMart, we may be able to help with the initial cost of a new roof with title loans1. We can let you know how emergency cash from title loans may be fast and easy to get from LoanMart, but first, let’s look at how much that roof will cost you.

What’s the average cost for a new roof?

The average roof is 2,200 to 3,400 square-feet and the average amount spent on a new roof is $11,000. Roofers typically charge for their work in “squares,” which is a 10’ by 10’ square. This means that the average roof is 22 to 34 squares. If you were to DIY your new roof, it is generally estimated that the cost will range from $2,000 to $6,000, assuming you are using asphalt shingles. If you use more-expensive, but more durable, architectural shingles installed by a professional, the cost can run from $5,000 to $12,000 or more. Asphalt shingles or architectural asphalt shingles are two of the most common materials to use for a new roof, but they don’t even come close to the cost of a metal roof.

How much do the different roof materials cost?

  • Asphalt Shingles – $120 to $400 per-square
  • Low-End Metal – $500 per-square
  • High-End Copper – $1,800 per-square
  • Natural Slate – $800 to 1,600 per-square
  • Clay – $600 to $4,000 per-square

Note that this doesn’t include the cost of other things, such as weatherproofing under the roof or things like flash or trim. These can increase the cost significantly. For example, experts estimate that slate roofs can end up costing $4,000 per square, depending on the quality of the slate and the intricacy of the installation.

How much prep and cleanup is required for a new roof?

This depends on the type of installation. If you are putting your new roof directly over your old, it reduces the prep and cleanup drastically. If you are removing the old roof, it will have to be picked up and hauled away.

How does the building affect the cost of a new roof?

There are three main ways the building influences the cost of a roof:

  • The area of the roof
  • The height of the building
  • The steepness of the roof

As mentioned, roofs are usually priced-out using “squares.” The more squares the roof is, the greater the cost of the roof will be. The height of the building affects the cost of the roof for two main reasons. The first is safety, the likelihood of injury from falling goes up the taller the building. This means workers need more safety equipment. The other thing the height of the roof impacts is the cost of insurance. The greater the likelihood of injury, and the more severe the type of injury, the greater the insurance costs. Similarly, the steepness of the roof also increases the likelihood of an injury occurring. It does this by increasing the likelihood of a fall, rather than increasing the severity of the injury.

How can I save money on my roof?

One of the biggest money-saving opportunities when it comes to your roof is the materials. Generally, the more expensive a material, the more durable. This means that you may end up paying more upfront for something, but the likelihood of repairs will be lower, and the roof will last longer. Another place you can save money is during the prep work. Some contractors don’t mind if you clear your old roof off yourself. You’ll still need to arrange for the old roof to be hauled away.

How do I pay for a new roof?

There are a few different ways you can pay for a new roof. If you don’t have the cash on hand, you can use savings. Some people use a Home Equity line of Credit, which uses your home as collateral. There are even special government loans you may qualify for to repair your roof. The value of the loan gets folded into your mortgage. Depending on the type of roof you’re planning on getting, you may also qualify for state incentives given out to people moving towards renewable energy usage. Some roofing companies also offer financing.

When in need of additional funding for a roof, title loans may be a favorable option. Car title loans from LoanMart can be a great way to get essential funding without all the hassles that can come with traditional lenders.

One of the best things about car title loans from LoanMart is that they are fast and efficient. You could even receive your car title loan funding as soon as the next business day3!

Check out our application and see how you can use emergency money from title loans to pay for a new roof1!