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Is your metal roofing ROI, or return on its investment, worth it? This is a vital question for homeowners as metal is often costlier than many other options.
If you’re considering a residential metal roof installation, keep reading! Once you know a bit more about metal roofing, you can decide if it’s right for your property. Also, you’ll know what questions to ask a roofing installation contractor when you make that call.
As of 2023, metal roofs typically enjoy a 48% ROI. In other words, your home’s value might increase by about half your metal roof installation costs. Additionally, metal roofs are durable, weather-resistant, and offer added benefits beyond their financial ROI.
What does a 48% metal roofing return on investment mean for your property? In short, your home’s value might increase by $4,800 for every $10,000 you spend. This amount is somewhat lower than an asphalt shingle investment, which typically offers a 61% ROI.
One reason for this difference is that homebuyers unfamiliar with metal roofs might question their value. Some potential buyers might also believe certain myths about metal roofs, such as the incorrect notion that they attract lightning. In turn, buyers might have a slight preference for standard asphalt shingles, which then gives them a higher ROI.
However, this doesn’t mean that a metal roof is not worth the investment! They offer many benefits in addition to increased property values, including:
Metal roofs are also considered a higher ROI due to their longer lifespan. Most metal roofs are made to last 50-70 years, while asphalt shingle roofs last 12-20 years.
Metal roofing is also low maintenance and requires little upkeep to retain its attractive appearance. The installation of a metal roof is relatively straightforward as well, with minimal disruption to the home’s interior when compared with other roofing materials.
If you're looking for a roofing option that will last longer and provide increased value to your home, then we recommend metal for your roof replacement.
Higher installation costs might make homeowners wonder if metal roofs save money. First, note that metal roofs might only cost $12-$90 per square foot, versus shingles, which average about $10-$20. Second, remember that installation costs are not the only factor to consider when it comes to saving money!
Check out some ways that metal roofs might save you money despite their higher installation costs:
Metal roofing typically offers better insulation than shingles and other materials. In turn, metal is more energy-efficient, keeping in your heating and cooling. You might pay less for utilities when you invest in a metal roof.
A metal roof can last 50 years or more! Consequently, a metal roof might be the last roof you ever buy for your home. This longevity means lower roof replacement costs over the lifetime of home ownership.
Since metal is so fire-resistant, some insurance companies offer discounts on policies for homes with metal roofs. You might also face lower fire damage repair costs for a home with a metal roof.
It’s much easier to damage shingles with pressure-washing equipment, snow scraping brushes, and the like. Metal withstands harsh elements like snow and hail much better as well. That damage also adds to your roof repair costs over the years.
Metal doesn’t feed mold or algae, so these growths are less likely to damage metal than shingles.
Overall, a metal roof will save a homeowner money in the long run, as it requires less maintenance and can last for many years without needing to be replaced. It will also keep a home cooler in the summer due to its reflective properties. So not only do you get more bang for your buck with a metal roof, but you're also helping out the environment by reducing energy costs and conserving resources. Also, because this material lasts longer, it reduces the amount of materials that go into landfills.
Metal roofs are more durable and longer lasting than shingles, but they may not be the best choice for every home or budget. It depends on your individual needs and preferences.
Metal roofs require professional installation, which can add to the cost of the project. They’re also heavier than other roofing materials, so your home’s foundation needs to be strong enough to support the extra weight.
These roofs come in a variety of colors and styles, so you can choose the look that best suits your home’s architecture.
Overall, metal roofs are more likely to stand up to extreme weather conditions such as high winds, heavy rainfall and hail than shingle roofs. They also have a much longer lifespan than shingles–typically about 50 years compared to 15-25 years for shingles. Because they’re so durable, metal roofs require less maintenance over their lifespan and are a great long-term investment. For these reasons, metal roofing is often the most cost-effective option in the long run.
Just a few short years ago, metal roofs appealed to commercial property owners far more than homeowners. One reason is its higher price tag, which puts metal roofing out of the reach of some consumers. Two, not all roofing installation contractors offer metal roof installation.
However, in 2021, some 8% of new homes built included a metal roof. Some forecasters also expect demand for metal roofing to increase at just under a 2% pace annually. Metal’s durability and longevity are two factors, along with its variety of available colors.
Lastly, note that more and more roofing contractors offer metal installation and repairs. This can mean lower labor costs and increased availability. Lower utility costs, less need for replacement, and increased property values also add to your overall ROI.
The Fall River Roofers are happy to help explain metal roofing ROI in more detail. Hopefully this post has given you some great information to consider! If so, feel free to visit our other entries for even more roofing tips and advice. Also, if you’re in the area, call our MA roofing installation contractors for your FREE quote. We offer expert inspections and guaranteed repair and installation services. If you’re ready for the most durable roof you’ve ever had overhead, call us today.
