Metal Roof Home Value

If you had a 2 500 square foot roof on a house that was worth 500 000 it would break down as follows.

Metal roof home value.

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. This will keep you from having to replace the roof while you own the home. 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 continue to be a growing trend and we don t mean the corrugated panels you might see on a backyard shed or what the b 52 s had in mind when singing tin roof rusted.

Compare this to their findings for asphalt roofs where the average homeowner spent 22 636 and got a return of 68 percent. According to angie s list a quality metal roof will increase the resale value of your home by 1 to 6 and sometimes more. Having a home s roof be solar ready can add value to the home. 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.

Even if you do not plan to. 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. 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.

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. Additionally you ll recoup an average of 85 9 percent of. It will also help with resale value when you sell the home. For an average ranch home roof of 2 000 square feet that s 2 000 4 000 before installation.

Homeadvisor s metal roof vs shingles guide compares pros cons differences and costs of metal shingle or panel roofing versus asphalt shingle roofs. 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. In this example we used a less expensive metal roofing corrugated. Does a corrugated metal roof increase home value.

The structural components of metal roofing will avoid repairs common to traditional roofs. The metal roof will last for the life of the house if properly cared for.