Metal Roof Property Value

They re common in areas where there is a lot of snow as the slippery surface sheds snow easily.

Metal roof property value.

It will also help with resale value when you sell the home. According to angie s list a quality metal roof will increase the resale value of your home by 1 to 6 and sometimes more. A metal roof is made out of connecting sections of metal roofing cut to fit your home. Furthermore a brand new metal roof can make a property look amazing if buyers view it from the curb.

Energy efficiency is another important aspect that will attract a prospective home buyer. So if a metal roof costs say 5k more than a 40 yr class 4 shingle roof then its maximum contribution to the home value is going to be about 5k diminished by age and condition. Additionally you ll recoup an average of 85 9 percent of. Metal roofs are often touted as a good way to boost home value but research indicates they are not as cost effective as laminate shingles.

It is a sale point you can mention to potential buyers. The national average cost of a metal roof is about 16 500 according to the mra. Metal roofs fit that bill very well. Metal roofs are expensive but they re incredibly durable and can last 50 years or more.

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. For a standing seam metal roof of the same size you ll pay about 23 000 to 30 000. Reality is the contribution to value is going to be something less than the additional purchase cost. The remodeling report for 2019 found that a metal roof on average cost homeowners 38 600 and increased home value by 60 9 percent.

The metal roof will last for the life of the house if properly cared for. A copper roof costs about 23 000 to 48 000. 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. Homes that are more energy efficient tend to sell faster than homes that are less efficient and this can result in higher selling prices.

More specifically installing steel shingles on a 2 000 square foot roof costs about 15 000 to 25 000 modernize says. Tile clay or cement. The conclusion of this is that to add to a home s value over the long term a roof needs to not only be durable and long lasting but it also needs to maintain a just new look that enhances the home. Moneycrashers cites energy efficiency through insulation as a key factor in improving the investment value of a residential property before being sold.

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. 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.