How Much Value Does A Metal Roof Add To A Home

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.

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

Increased home value home improvement industry researchers estimate that a quality roof will immediately add close to 70 of its cost to the home s value. Metal roofs cost around 5 000 12 000 while asphalt shingles cost anywhere between 5 000 10 000. Studies that have looked at higher end roofs have rated those higher in payback than a standard roof. The remodeling report for 2019 found that a metal roof on average cost homeowners 38 600 and increased home value by 60 9 percent.

Additionally you ll recoup an average of 85 9 percent of. 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. Metal roofs are actually highly valued. 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.

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. 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. 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. 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.

This is not true. With some styles like corrugated metal panels you may even see a lower cost per square foot than asphalt shingles of about 20. Compare this to their findings for asphalt roofs where the average homeowner spent 22 636 and got a return of 68 percent. 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.