Planning the budget is one of the most important milestones in planning a window replacement. Common mistakes such as overspending or making compromises can lead to unsatisfactory results. This is why replacement window and roofing companies like Steinmeyer Roofing, Inc. recommend planning the project carefully before committing to it. In today’s post, we share tips on how to prepare your window replacement budget.
Look Up the Ballpark Price
The first thing you have to do when figuring out your window replacement cost is to set your expectations that it won’t cost exactly the same as anyone else’s. No two homes have the exact replacement window requirements. Several factors, such as your choice of window styles, finishes, glazing, hardware and various other options, can change the figures that will end up as your window replacement quotation.
Having said that, there’s no stopping you from trying to get a ballpark price before you ask for a replacement window or roof estimate. Ask friends and family who have recently had their windows replaced, and who won’t mind telling you how much their new windows cost. Having an idea of the ballpark price can help you decide what options would fit your budget, and whether or not you’ll need to consider financing options.
Research Available Financing Options
Cash is still the preferred payment option for home improvements. It doesn’t incur interest or require approvals, and you won’t have to worry about payment obligations once paid. If you don’t have cash on hand, there are other ways to finance your window replacement, such as credit cards or by applying for secured or unsecured loans, home equity line of credit (HELOC), or cash-out refinancing. We at Steinmeyer Roofing also offer financing options.
Prepare an Emergency Budget
Sometimes hidden structural issues are revealed during window replacement, which leads to unexpected repair expenses. Since these costs are not included in the estimate, you need to prepare a budget for such emergencies, worth about 10% to 20% of the contract price.
Whether you need new windows or have storm damage to roof that needs to be fixed, Steinmeyer Roofing, Inc. has you covered. Give us a call at (217) 202-4158. You can also fill out our contact form to schedule an appointment.