Is a Metal Roof a Good Investment?
Metal roofing contractors in Calgary will tell you that a metal roof could be the last roof you ever buy. They can last more than 50 years, with minimal maintenance required. Their longevity, durability and ability to properly protect your home is why a metal roofs are a popular choice. But is it a good monetary investment?
Cost vs. Value of a Metal Roof
Remodeling’s 2019 cost vs. value report states that a metal roof replacement can recover 60.9% of it’s cost at resale. In the example, a $38,000 metal roof replacement added $23,500 to the total value of the home. This total cost included the removal and disposal of the old roof, underlayment, 3,000 square feet of standing-seam metal roofing and accessories. Accessories included drip edge, gable trim and vented ridge flashing.
So, you will add value to your home, but you certainly will not recover all the cost. There are still other factors to consider:
Saving money on roof repairs and premature roof replacements.
Asphalt shingles cost about half or a third less than a metal roof in Calgary. However, an asphalt roof will have to be replaced at least once, if not two or three times in the lifespan of a metal roof. If your asphalt roofing project costs you $20,000 and you must redo it just once, you’ve already spent more than you would have on a metal roofing system.
You should also factor in any money you’ll spend maintaining an asphalt or wood roof. A few hundred or a thousand dollars every five years can add up over time. Plus, the headache of having to deal with roof repairs. These are all things to consider.
Metal roofing in Calgary is more energy efficient than asphalt roofing. This is because the metal roofing is coated with a reflective pigment. Instead of absorbing the heat from the sun, it reflects it and helps keep your home cool in the summer. This article says that you can save 20% to 30% on electricity during the summer months when you run the air conditioner the most, if you have a metal roof.
How long will you stay in your home?
If you’re going to splurge on a more expensive roofing option, consider how long you plan on living in that house. Metal roofs in Calgary are considered an upscale upgrade and they’re expensive. If you are in your forever-home, it’s probably worth the investment. If you want to sell next month, consider a more cost-effective re-roofing product.
Read more articles about Different Types of Roofing