#8 – Increased Home Value
A common question is how much value a metal roof will add to a home. A recent study by one of the remodeling magazines reported that a high quality metal roof will immediately add about 65% of its cost to the home’s value. This number is similar to other major home improvements like kitchens and baths but higher than the recouped cost of things like sunrooms. However, to me, the answer to this question is a lot more involved.
First of all, replacing a standard grade roof with another standard grade roof only restores value that was lost as the old roof had degraded and detracted from home value. It doesn’t really add any new value. Next, most home buyers today are very concerned about the ongoing costs of maintaining their homes. All other things being equal, given the choice between a home with a roof that will need to be replaced soon and a home that has a metal roof, there is no doubt which one the homeowner will choose.
A metal roof on a home is like a home with a fancy master bathroom, or a gourmet kitchen complete with granite countertops. These things simply make a home more attractive to potential buyers. And, especially in real estate markets that tend to be buyers’ markets rather than sellers’ markets, this can be very meaningful to homeowners.