Testimonial from Elle of Cleverly Changing
One year after my husband and I married, we decided to purchase a home. As recent college graduates, we were not looking for our dream home, but just a “starter home.” We found a realtor, mortgage broker, home inspector, and then our home.
After living in the home for about four years we realized we had a costly problem. When we came home from our vacation in September, we found water in our coat closet. The area had received a lot of rain while we were away and we were scared, but prayed about it and called our Home Warranty company to see if this was a repair they would fix.
Unfortunately, in our situation, the leak was not covered. Instead, we had to research and find a reliable roofing company in our area.
We received free estimates from five different companies. We even called one construction/remodeling company that had replaced our homes windows with energy efficiency windows but also worked on roofing jobs as well. We wanted to see if we could receive a reasonable sized “past-customer” discount.
Surprisingly, their estimate with the discount was almost $3,000 more than the other roofing estimates. Luckily, one of the other companies was willing to give me an extra $500 dollar discount, which made their estimate the cheapest.
In this instance, we were able to receive the same quality repair for a cheaper amount. Although the company who replaced windows were not willing to match the price, we were blessed to get the new roof, reliable service, and pay cash.
We had to tap into our emergency fund, but we were thankful to be able to cover the cost of the repairs without any financing. So it always pays to ask, “Is this the best price your company can offer?”
Also remember, when you purchase a home, you have to factor in the cost of maintenance as well. Home owners cannot take the importance of home repairs lightly.
Repairs can be costly, so having an emergency fund or home repair fund is imperative. Always research the contracting company to make sure they are in good-standing with the better business bureau and they are insured in your state.
Elle is a freelance writer, mommy blogger, and owner of the blog, Cleverly Changing. Her blog seeks to encourage, empower, & inspire others to live cleverly, changing when necessary. Every Friday she shares finance tips with her readers.