Though you may try to avoid it, roof replacement is an inevitable stage in your home’s life. If you have a roof replacement scheduled soon, or have noticed that your roof is starting to falter, you may be considering your options.
When it comes to roof material, there are two clear choices: a metal roof, or asphalt shingles. These two roof options are quite distinct, and it will ultimately come down to your home’s needs and the constraints of your budget as well as personal preference.
Read on to find out more about the costs of a metal roof vs the cost of shingles.
1. Installation Costs
When it comes to installation costs, metal roofs will end up being more expensive than shingles almost every time. The costs mainly vary based on the size of the roof, the type of metal you select, and the amount of labor that is required.
On average, a metal roof can cost a homeowner anywhere from $8,000 for
2. Electricity Savings
One of the main reasons homeowners replace their roofs is because they notice their roofs may be letting hot or cool air out, increasing their electric bill. Most metal roofing is made with reflective pigmenting, which can increase their energy efficiency and decrease your bill by 40%.
Where the cost of a metal roof truly comes through is in the longevity of this roof over shingles. For one, repairs will be much less often as metal roofs are less susceptible to breaks and cracks over time.
On top of less need for repairs, metal roofs also have a longer lifespan than shingles. Shingle roofs will usually last only about 20-25 years, while metal roofs can last between 40-60 years. This means you will have to replace your roof much less often, which will help your wallet in the long run!
4. Home Value
Home value is a final “hidden cost” that shingles do not indicate, but can eventually be a big deciding factor if you want to sell your home. Buyers are less inclined to buy homes with shingle roofs because of the need for repair/replacement and for the worse look that shingles represent.
Metal roofing, on the other hand, can increase your home’s value by up to 6%. It will also make selling your home much easier, as it will make your home more attractive both aesthetically and from a cost standpoint to your prospective buyers.
The True Cost of a Metal Roof vs Shingle Roof
While the installation cost of a metal roof will always be more, there are many “hidden costs” with shingle roofs that might make you want to invest in a metal roof now. Be sure to assess both your short and long-term situation when deciding the best roof for you.
If you have other questions about roofing or general home renovations, check out some of our other articles for helpful tips and advice!