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If you are ready to remodel your home for the Minnesota winter, but you don’t have the money for the job, you have options. Are you curious about ways to remodel without having the money upfront?  There are many ways to cover the costs of remodeling projects such as roofing, siding and windows restoration.

Here are several ways to pay for your project and finish up your housing to-do list!

Does Your Project Qualify for Insurance?

Often, homeowners may miss the signs of hail damage to their roofing or siding. If you’ve noticed neighbors getting work done, or you’ve been in an area that has been hit by hail in the past, simply getting a free storm inspection from a trusted, local contractor such as Trinity Exteriors can help you determine whether an insurance claim on the damaged area can help with the cost of replacement.

Much of the time, homeowners have about a year to make a claim on any storm damage their home might have suffered. These types of claims can cover damages due to inclement weather such as roof replacement, metal roof repairs, and cedar shake roof repairs.

Contractor Financing

Trinity Exteriors offers special financing deals to make it easy for homeowners to afford the work their home needs. This is part of our value statement: We Take the Worries Away. Depending on our offer (feel free to call 1-952-260-0522 for this month’s offer), your work can be done without interest, without payments, or even receive a percentage off. 

Rewards Program

Trinity Exteriors offers a generous rewards program that offers cash-back incentive. Your project could actually make you money! There are rewards including $75 gift cards, tickets for vacation packages, and 1% of the final contract price of your referral. The cost of roof installation and roof replacement can be pricey so it is important to save money whenever possible.

Home Equity Line of Credit (HELOC)

HELOC is a secured loan, backed by the value of your home, which means you could qualify for lower interest rates than you would with an unsecured personal loan. Because HELOC is a revolving line of credit, you can use it flexibly for a long-term home improvement project. The downsides of a HELOC is that your house is used as collateral, and the interest rates are variable, so your interest rate could increase based on the market.

Home Equity Loan

A home equity loan (often referred to as a second mortgage) is a loan paid in a lump sum that you pay back in regular fixed monthly payments. The good thing about home equity loans is the interest rate is fixed when you take out your loan, but these interest rates may be higher than if you were to refinance your home.

401K Borrowing

Many homeowners are unaware that they can use their 401K to finance their home exterior restoration project. Depending on what you have accrued, you can borrow up to an average of 50K. This type of loan has limitations including a shorter time span to repay the money.

FHA Loan

You can apply for a FHA loan to cover the expenses of your renovation project. This type of loan may require a down payment however you will have up to 30 years to repay the loan.

Cash In Investments

The best way to finance your restoration project is with cash up front. If you have savings or investments, you can cash it in and save money on the interest from loans.

Free Quotes for Restoration in the Twin Cities Area

If you are contemplating a home exterior renovation project, contact our experts at Trinity Exteriors for information for financing options that fit your budget! We specialize in numerous restoration services such as roof installation, roof replacement, attic insulation, and James Hardie siding replacement. Call us today at 952-500-9546 or contact us online.