5 Ways to Pay for Home Repairs When You Are Cash-Strapped

Are you experiencing a minor plumbing issue or major problems with your roof? Though home repairs are an expensive undertaking, they are inevitable. And you must set money aside for it.

You cannot overstate the importance of having an emergency fund for home maintenance and repairs, because mishaps can happen anytime to any household. Setting aside money for home repairs requires saving 1% of the total value of your home.

For example, if your home’s value is $500,000, make sure to set aside $5,000 every year for emergency home repairs such as mould remediation, fire and water damage repairs, etc.

But what if you are cash-strapped? What if you don’t have an emergency savings fund to pay for home repairs? There is a way out. This article highlights five reliable ways to pay for home repairs even when you have no money in your savings fund.

modern house with front garden - home repairs

1. Homeowners Insurance Claim

Do you have a home insurance policy? Is your home damaged say by natural causes or years of excessive wear and tear? The first thing you should do is check whether your home insurance policy covers any of the repair services you need.

If your roof, for instance, is damaged by a storm check your insurance policy to see if roof replacement repairs are covered. If so, make sure to contact your insurance provider right away to file a claim.

Your insurance provider will then cover the costs, partially or in full depending on the terms and services of the policy. Before you can file a claim, make sure to call a professional home improvement service to assess the damage and quantify the costs of repairs.

Take pictures of the extent of the damage, too. This will act as proof that indeed damages did occur. Likewise, keep any receipts for materials bought and used in the repairing of your damaged roof.

2. Government Assistance

In the event that the damages are not covered by your insurance policy, you can get assistance from government-funded programs such as non-profit organizations, public utilities, private foundations or any other state agencies.

You are certain these programs will provide help for your situation. And assistance can be in the form of grants or loans. However, there are procedures to follow to get government assistance to cover the cost of damages. You must meet certain requirements before you can access grants, loans or assistance from government-funded programs.

There are a handful of home repair government-funded assistance programs, but to have access you must check with your local government office for further details and requirements needed. If you do meet the requirements of a specific loan or grant, you will be granted assistance.

3. Disaster Relief

Did you know you can seek disaster relief to cover home repairs brought forth by a disaster or calamity? A major storm can destroy your home either part of it or entirely. And this will require repairs that can amount to hundreds even thousands of dollars.

All you need to do is report the extent of damages to a disaster relief service that aptly covers costs of emergency home repairs and temporary housing to the affected victims. Sadly, not all home repairs are covered by disaster relief management or services.

If you’re a disaster survivor, there are disaster relief services that provide funding for recovery assistance for people whose homes have been damaged by a disaster or calamity. For further details, it is crucial that your check different disaster assistance programs within your local area for help.

4. Alternative Financing

You can equally take a second mortgage or a home equity loan to assist in the financing of home improvement and home repair costs. These are common financing options (such as banks, etc.) that are accessible to anyone in need of home repair services.

However, not all bank loans for home repairs or improvements are approved. This is where alternative financing comes in. Taking a personal loan is one form of alternative financing that is widely accessible and available to anyone. And can be of help too.

Taking a personal loan is easy and fast and also that times are flexible depending on your needs. The advantage of alternative financing options?

  • Less strict qualifications or requirements,
  • Low interest rates,
  • And shorter payment terms.

Compared to traditional financing options, alternative financing options are ideal for home repairs and home improvement. If you’re cash-strapped, nation21loans system is the way to go. Take a personal loan.

5. Community Development Programs

If you consider government-funded assistance programs as the way to go, you will also find community development programs similar. Government assistance program is administered by local government office while a community development program is administered by financial institutions, government or the local state. Simply put, they are much similar.

The only downside of seeking funds from a community development program is that these programs come with restrictions. You must meet certain requirements before you can qualify for assistance.

For example, there’s a certain percentage of your income that must be equal to the area’s median income before program can provide you with any funding.

The good thing about community development programs is that, they have specific programs that target veterans, disabled people, single mums or more specific groups of people to provide assistance to. If you meet the requirements needed then you qualify for home repairs funding.


You will never know when a mishap will strike your household. That is why it is important to have an emergency fund to assist in such a situation. But if you don’t have savings in your fund, there are other reliable ways to get emergency funding for home maintenance and repairs.

Remember, you can access funds for home repairs through homeowner’s insurance claim, government-funded assistance programs, filing for disaster relief services, seeking alternative financial services like personal loans, or by seeking assistance from a community development program in your local state.

But while this is important, it is often ideal for you to save 1% of the total value of your home. These savings will help you in case of emergency home maintenance and repairs such as a disaster or a calamity in the form of a storm. You will be able to cover the cost of repairs easily without necessarily seeking assistance from any of the above institutions or programs.

But if you don’t have enough savings, make sure to consider any of the five above-mentioned ways to get access to funding for home repairs. Take time to compare what works best for you, and what wouldn’t. Otherwise, these options will come in handy and help you get access to repairs funds.

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