Metal roofing is far from a new phenomenon. The idea of a “true” metal roof is mostly considered to have become mainstream in America in the 19th century. Before this, the cheaper “tin roofing” was quite popular during the 18th century in Canada.
Today, metal is still a popular option for Melbourne homeowners when it comes time to replace their roof. One of the most significant factors in its continuing popularity is an excellent ROI on metal roofing.
Continue reading to learn more about how the high return on investment is determined.
Estimating the ROI on Metal Roofing
Like with anything, estimating the exact ROI (return on investment) of metal roofing can be difficult. Each metal roof may have a different lifespan, and each homeowner has unique circumstances affecting the total ROI.
Although it’s challenging to create an exact number, it’s easy to see the ROI on metal roofing is significantly higher than that of asphalt shingling. Homeowners can expect an ROI increase of anywhere between 50 and 300 percent or more when switching from asphalt shingling to metal roofing.
There are many reasons you’ll receive a much higher return on your initial investment with metal roofing versus asphalt shingles. Some of the most significant considerations are discussed below.
Some people may receive a discount on their homeowner’s insurance for installing metal roofing. This is because metal roofing is superior to shingles when it comes to protecting your home. Insurance discounts are available through some companies and in some localities.
One of the most significant factors in metal roofs providing a higher ROI is their longer lifespan. With an average lifespan of 40 to 70 years, metal roofs can last as long as two to three times as long as non-metal options.
Metal roofs are significantly more durable than other options. They’re resistant to cracking, eroding, shrinking, termite damage, and fire damage. This means they require less maintenance, which increases your ROI and is more time-efficient.
Lowered Cooling Costs
There’s a common misconception that metal roofs absorb the heat from the sun and make your home harder to cool. But this is far from true.
Metal roofs deflect the sun’s heat away from your Melbourne home. This makes it easier to cool your home, which, in turn, lowers your cooling costs.
Small Increase in Resale Value
If you plan on selling your Melbourne home in the future, metal roofing can help you get a slightly better sale price. The increase may be a difference of a few hundred dollars, or it could be a few thousand extra.
The increase in your home’s resale value could mean the ROI on metal roofing becomes 100 percent or more. This value includes the other things factoring into your overall return on investment, as described above.
Do You Have More Questions About the ROI on Metal Roofing?
Metal roofing provides a return on investment that’s two to three times as much as asphalt shingles. This is mostly thanks to a longer lifespan and decreased maintenance costs.
Do you have more questions about the ROI on metal roofing? Or, would you like to inquire about having a metal roof of your own installed by Storm Guard Roofing?
Contact us today. One of our associates would be happy to answer any questions you still have. They can also set you up for an appointment if you’d like.