How Much Value Does A Metal Roof Add To A Home

A home with a metal roof would add the value of each of those prevented repair cycles to the home s value even if the initial installation cost is higher.

How much value does a metal roof add to a home.

Compare this to their findings for asphalt roofs where the average homeowner spent 22 636 and got a return of 68 percent. Metal roofs cost around 5 000 12 000 while asphalt shingles cost anywhere between 5 000 10 000. Long popular with commercial builders the metal roofing market expanded to residential homeowners in recent years making it a 3 3 billion industry in north america in 2017 with a projected value this year of 4 billion industry research shows. Homes renovated with standing seam metal roofing recoup on average 85 9 percent of costs nationally and up to 95 5 for homes in the eastern states according to remodeling magazine.

Additionally you ll recoup an average of 85 9 percent of. The metal roofing alliance lists a national average price of about 16 500. It moves on to add that if two identical homes were for sale and one of them had a metal roof the home that would never need a new roof would sell for more money lifetime return. A contemporary metal roof on a home can improve that home s resale value by 1 to 6 percent when compared with an asphalt shingled home.

Studies that have looked at higher end roofs have rated those higher in payback than a standard roof. This is not true. But even if you don t see a huge financial return a new roof can make you more likely to get full asking price lower time on market and smoother negotiations. A new roof can increase home value but you might not see a 100 return on investment very few improvements if any offer a full recoup of money spent.

Using this example even a metal roof install costing 20 000 would save 10 000 in the long term thus adding a higher value to the home than the cost of the investment. With some styles like corrugated metal panels you may even see a lower cost per square foot than asphalt shingles of about 20. The remodeling report for 2019 found that a metal roof on average cost homeowners 38 600 and increased home value by 60 9 percent. Metal roofs are actually highly valued.