Do you need funding for your roof replacement?

Quote from @Sharon Bancroft: I need a loan for a roof.

Generally, they’ll look at your entire financial picture — not just whether you financed the roof.

I need to replace a rubber roof in Somerville.

I have a contractor who gave me two options:1) Do the things listed above - which is under the budget I set for the reno as part of the due diligence process2) Do all the 'must-do' items, and also replace the roof (roof is 12-15 years old but passed inspection), vinyl siding, cover the existing hardwood flooring with LVP, and upgrade the kitchen - items that aren't absolutely necessary to do now, but would increase the appraisal and reduce maintenance costs in the future.

Even if bought below market value, one major capital expense—like a roof or water service line—can erase all perceived equity.

My other thought was to sell before it needs a new roof. 

“Report any plumbing leaks, roof leaks, or window condensation immediately.”

Many are performing the subcontracted labor because they lack the means to provide those essential requirements, particularly with roofing.3.

Hey, yeah $10K sounds rough, but with an old building and a flat roof, high premiums aren’t too surprising.