How to Pay for Emergency Home Repairs

The reality is that life just loves to throw curveballs our way. If it seems like you’re steadily strolling through an easy time in life without all the frustrating hiccups, it’s only a matter of time before something pops up. It could just be a necessary part of this whole strange existence. We need the bad moments to be able to measure up just how good the blissful moments are.

With that being said, you very well might find yourself caught up in a scenario where you have to pay for some emergency home repairs. Here’s a list of helpful and practical ways that you can go about paying for any emergency home repairs that come your way.

1. Home Equity Line of Credit

Perhaps one of the easiest ways to pay for that darn emergency home repair is to start up a home equity line of credit. You’ll just want to make sure that you have a stable source of income, as borrowing against your home can put you at risk of losing it if you’re not able to make those mandatory monthly payments.

Let’s say that you’re located in Michigan and your windows and porch got damaged in a storm. You might find yourself searching online for “windows in Kalamazoo” or “deck replacement in Detroit” in the hopes of finding professionals to repair or replace your damaged property. With a home equity loan to borrow against the available equity in your home, you can finance these urgent home repairs as a payment option during an emergency.

2. Homeowners Insurance Claim

You may qualify for a homeowners insurance claim if you end up with a compromised roof or busted pipe. Your best bet will be to check your insurance policy to determine whether or not a home repair emergency is actually covered. For instance, a new roof might be covered completely by your insurance company if it was damaged during a storm.

Since it’s difficult to see if any damage was caused to your roof by standing on your lawn, it’s a good idea to get a professional to investigate. Hire a qualified inspector to determine if your roof has been broken during severe weather and to what extent in order to back your insurance claim up even further.

3. Credit Card


It likely comes as no surprise that most folks out there will instinctually reach for their credit cards during those moments of financial crisis when the idea of pulling large sums of money out of that checking account is either completely unrealistic or genuinely panic-inducing. However, the last thing you’d ever want to find yourself wrestling with is paying off that last big credit card purchase at a high-interest rate, when life decides to ding you with another spontaneous home repair emergency.

That can be a dangerously easy way to end up with a negatively impacted credit score, and deep in a daunting credit card debt hole.

However, if you find yourself completely overwhelmed by a steady onslaught of credit card bills you can always look into debt relief resources. You’ll be able to pick the brains of an esteemed team of professionals that are specifically trained to help you engineer a foolproof strategy to free yourself from the monstrous shackles of debt. Just imagine a life without those monthly payments.

4. Disaster Relief

You’ll have to do a little research to determine whether or not your home is protected under a disaster relief program. It’s also worthwhile to note that the emergency repairs funded by a disaster relief organization such as the Red Cross or FEMA won’t end up restoring your home to its pre-disaster condition. They’re just intended to ensure that your home meets acceptable sanitary and safety conditions for suitable living.

One of the most important things to remember if you ever find yourself having to deal with an emergency home repair is to remain calm, act from a centered place of sound judgment, and not rush into a new debt situation just because you’re possessed by a cold-sweated panic. The last thing that you ever want to add to your life is more credit card debt on top of whatever debt you might already be working through. For instance, if you’re already responsible for monthly payments due to those mountainous student loans, you don’t also want to throw new credit card debt into the mix.

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