A little bit of backstory, I purchased the home in 2011 and did not realize at the time the roof was made of an "organic shingle". The roof at the time passed inspection and everything was G2G!
Fast-forward to 2017, over the last 6 months to a year I've noticed the soffit and fascia began to deteriorate at an alarming rate. The plan was to get that painted and fixed but the problem got worse and worse.
Being a first time homeowner I did not take into account the roof might be at fault, then I noticed recently spots on the dining room ceiling which indicates leaking has occurred.
I called a well-known roofing company out and they inspected the roof, said insurance owes me a new roof so I began the claim process. An insurance adjuster arrived from State Farm and after reviewing the situation, denied my claim...
Since then I haven't heard a peep from the roofing contractor, e-mails sent, voice messages left. I needed an estimate then at what it would cost to repair. Crazy how they'd ignore my business! Then I get a letter saying repairs must be made by DEC with proof or I'll likely have my insurance dropped.
Moving on....I get a second contractor out and finally get a figure.
Just under $10,000 which ain't bad! I thought it would be more, and it very well could be if they have to replace decking material. The contractor wants to install a Heritage 30 shingle, add ridge vents etc, metal valleys etc. The roof at present has really bad ventilation which thanks to the Oklahoma summer heat, cooked the organic shingles. That will be fixed.
So now I have the financing part to work on, which I'm a bit of a new person at. What do folks recommend as far as financing is concerned? With the short the timetable that I'm dealing with, is it a good or bad idea to get a HELOC?
Sorry for the wall of text. Cliffs.
Need new roof before insurance drops coverage
Suggestions on financing?
Here some pics for your enjoyment! Don't judge! Its pretty fucked.
These are from the south and east facing side of the roof, the north facing side looks great!