Metal Roof Home Value

The lifelong guarantee of a good roof is just a bonus for you on top of the.

Metal roof home value.

The metal roof will last for the life of the house if properly cared for. 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. While it is impossible to ever predict the exact amount of value that a new roof will add to a home the benefits of a metal roof are things that are sought after by prospective home buyers. If you currently have a slate roof you can expect metal roof to cost less.

More specifically installing steel shingles on a 2 000 square foot roof costs about 15 000 to 25 000 modernize says. When it comes to costs a metal roof according to the metal roofing alliance can cost roughly two to three times more than an asphalt shingle roof. It is a sale point you can mention to potential buyers. It will also help with resale value when you sell the home.

You also know a metal roof can add value by reducing the cost of your homeowners insurance. A study that was done by remodeling magazine and published by angie s list concluded metal roofs renovated with standing seam metal roofing recoup 85 to 95 of the costs. You know having a metal roof will add value by eliminating the need to replace your roof and reduce maintenance costs. 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 copper roof costs about 23 000 to 48 000. However a metal roof is comparable in price to tile roofing or cedar shake roofing. These gains in resale value amount to 1 to 6 respectively over homes roofed with asphalt shingles. For a standing seam metal roof of the same size you ll pay about 23 000 to 30 000.

The national average cost of a metal roof is about 16 500 according to the mra. You know a metal roof will add value by reducing your energy costs by as much as 25 percent. 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. Additionally you ll recoup an average of 85 9 percent of.

It becomes a natural conclusion therefore that homes with the benefits of metal roofing will sell faster and for higher value. Compare this to their findings for asphalt roofs where the average homeowner spent 22 636 and got a return of 68 percent. This will keep you from having to replace the roof while you own the home.