The Financial Impact of Metal Roofing: Increased Home Value
People have metal roofs installed on their homes in order to gain the benefits that only metal roofing can bring. These benefits include long roof life, very durable material, great looks and a cooling effect inside the home during hot summer months. Another metal roof benefit that comes into play if you sell your home is increased home value.
What sellers want
Everyone who puts their home on the market wants two things: a fast sale, and a sold price close to if not equal to the asking price. Having a home with a metal roof, which can add as much as 65% of the roof’s cost to the value of the home, greatly increases your chances of getting both.
What buyers want
Many homebuyers’ desires are fulfilled by a home with a sturdy metal roof.
1. Buyers want beauty. “Curb appeal,” a term Realtors use to describe the first impression a home’s exterior makes, is very important to buyers. Stunning metal roofs with their variety of panel styles, shapes, sizes and colors provide awesome curb appeal, setting a positive tone for the rest of the sales process.
2. Buyers want to avoid a roof replacement. Replacing a roof is one of the largest expenses a homeowner will undertake. Buyers aren’t crazy about the idea of putting huge money into a new home and then having to re-roof it five or six years down the line. Conversely, they love the idea of a strong metal roof with a total lifespan of 45 or 50 or more years.
3. Buyers want reduced operating costs. A metal roof looks even more attractive to homebuyers when they find out that a special coating used in the manufacturing process causes the roof to reflect the rays and heat from the sun rather than absorb them. Metal roof owners enjoy cooler interior temperatures and reduced utility bills in the blazing summer than folks with a heat-trap asphalt roof.
4. Buyers want as little maintenance and repair expense as possible. Most homebuyers expect to put in some elbow grease and money for certain repairs in their new home. But they’d definitely rather not put time and money into expensive and disruptive roof repair. With a metal roof, they know maintenance and repairs will be minimal, because:
- Metal roofs hold up in even the strongest hail storms
- Metal roofs resist rust and decomposition throughout their lifespan
- Metal roofs are almost impossible to damage in gale-force winds
- Metal roofs are virtually impervious to the ravages of time – unlike asphalt shingle roofs, which usually need replacing every 10 or 15 years
5. Buyers want to be good to the environment. Metal roofs are built from recycled materials, and when their life is over, they can be reused. Asphalt shingles add more than 10 million tons of waste to U.S. landfills every year. Buyers appreciate that metal is clean and eco-friendly.
These are some of the reasons many homebuyers are willing to pay more for a home with a beautiful metal roof. These same reasons also can lead to a faster sale, which is good for everyone involved.
Do you want to know more about the benefits and advantages of metal roofing? Contact the experts, Advanced Aluminum of Lakeland, FL. We manufacture top-line metal roofing products used by leading contractors throughout the Lakeland region. Give us a call at (863) 648-5787.