Metal roofing is an investment–grade roofing solution and each homeowner must determine whether it is the right investment for them. Every situation is unique, and a number of factors must be considered when calculating the return on investment.
The biggest factor to consider is how long you plan to stay in your home. In our area, we find that asphalt shingles last between 12 – 15 years, and we also see that the cost of re-roofing, regardless of product, is increasing at a rapid rate. Due to these rising costs, the breakeven point between metal roofing and other temporary materials is one re-roofing cycle: 12 – 15 years for asphalt shingles. If you are staying in your home long enough that, if you were to buy an asphalt roof today, you would likely need to buy another asphalt roof before you move, a metal roof is likely a great investment for you.
Though an asphalt roof might be functional for 12 – 15 years, you should also consider that an asphalt roof only has a cosmetic life of 4 – 6 years. Any asphalt roof will look old and worn after its cosmetic life, regardless of age and function. If you are staying in your home longer than your roof’s cosmetic life, it will likely become a negotiating point with potential buyers when you decide to sell your home.
Along with how long you plan to stay in your home, there are a few benefits of metal roofing that you should also consider when calculating your return on investment:
Insurance Savings – depending on your insurance provider, you might qualify for premium discounts due to the wind, hail, and fire resistance of metal roofing.
- Energy Efficiency – by decreasing the load on your home’s air conditioner, a new metal roof can save you up to 25% on your summer cooling costs! You can learn more about the energy efficiency of metal roofing here.
- The graphic shows how the Metal Roofing System heats and cools more effectively than any asphalt shingle.
- Resale Value – The Cost vs. Value Report by Remodeling Magazine has found that a new metal roof adds over 60% of its cost to the value of the home. This cost is recouped when you do decide to sell your home.
- The chart is a demonstration of how a small home that invests in a Classic Metal Roofing System can benefit financially.
At Fortified Roofing & Siding, we are finding more and more homeowners determine metal roofing is the right investment for them, but we know every situation is different and unique. We would love the opportunity to discuss all the available solutions and help you determine which is best for you.