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.

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. Even if you do not plan to sell your home any time soon getting a new metal roof also means that you will never need to re roof again for the next five or more decades. Metal roofs cost around 5 000 12 000 while asphalt shingles cost anywhere between 5 000 10 000. Metal roofs are actually highly valued.

Compare this to their findings for asphalt roofs where the average homeowner spent 22 636 and got a return of 68 percent. With some styles like corrugated metal panels you may even see a lower cost per square foot than asphalt shingles of about 20. 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. 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.

The remodeling report for 2019 found that a metal roof on average cost homeowners 38 600 and increased home value by 60 9 percent. 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. The metal roofing alliance lists a national average price of about 16 500. This is not true.

According to angie s list a quality metal roof will increase the resale value of your home by 1 to 6 and sometimes more. Studies that have looked at higher end roofs have rated those higher in payback than a standard roof. Additionally you ll recoup an average of 85 9 percent of. 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.