Meet the government-backed program that will FUND your new roof
PACE programs supported by the government have recently raised property values across the U.S. and replaced its roofs in the process. With the PACE program, you will get government help to fix your roof and increase the value of your property. Without any add-ons, make sure to check this incredible opportunity right away!
A new roof – with Uncle Sam’s money
The government is now rewarding energy-efficient measures through the PACE program. It stands for Property Assessed Clean Energy, and the program applies to both sectors, C-PACE for commercial properties and R-PACE for residential properties.
Financing
Since 2017, American homeowners have invested over 4 billion dollars in upgrades and improvements to their properties just to make them more energy-efficient and qualify them for PACE financing. The best and most popular way to improve your property and increase its value is fixing the roof – this is why this program has already been renowned as a success.
Why PACE?
There is no minimum Fico requirement for a start, and you can prequalify in less than 30 minutes. Also, there is no down payment, and you pay nothing for the entire first year! Afterwards, you can choose your settlements to be included in the mortgage plan or tax plan.
The evaluation is equity-based, implying that the owner must hold at least a 10% equity stake, and it even increases the chance to qualify for environmental tax credits.
An increase in your Property value
If you ask real estate specialists, everyone will say the same – interior design is nice, but the roof is what increases the value of your property! There were cases where roof repairs increased the value for more than the initial repair costs, meaning it paid itself off. Can you imagine a better investment?
It’s not just about the property value. Whether you decide to sell the property or stay there, having replaced roof can help you save the money you would otherwise spend on leaking and deteriorated walls. Energy costs might be reduced by as much as 20% while you actually contribute to the fight against climate change and pollution, Not mentioning the fact that you will be getting a new look that will help give your home an elevated style and value.
To sum things up
After everything being said, you can tell why Americans are so eager to qualify for PACE and have their roofs repaired. It’s not just about the property value and selling it off. Even if you decide to keep it, you will lower your utilities and reduce maintenance costs, which is a terrific way to increase your home budget.
Investment in a roof today can have a substantial long-term impact on your home budget in the future!