But what if you planned to stay in the same house for 30 years?Īt that point, you’d need to add another cycle of shingle tear-off and replacement while the original metal roofing is still going strong. Lastly, since metal roofing routinely lasts 50-60 years, no roof replacement is necessary during that same time.Ĭlearly, with a savings of $20,000-30,000, metal roofing becomes the more intelligent buy if you plan to stay in your home for 10-15 years. To arrive at the inflation-adjusted numbers, we used this website calculator with the start year of 2022 and a final year of 2037. Since these expenses are 15 years down the road, it’s also important to note the inflation impact. The table below highlights that life cycle costs are a game-changer in comparing shingle and metal roofing costs.Īs the table above illustrates, due to the 12–15-year life expectancy for the shingle roofs, it’s necessary to include costs to remove the original shingles and replace them with new shingles in both shingle examples. We can now apply the same premise to metal roofing panels with a better understanding of life cycle costs. ![]() Ultimately, life cycle costs are the concept of paying more money for a product on day one but reasonably expecting the product to last longer or provide fewer problems during ownership. With an estimated repair bill of $50, the life cycle costs for printer #1 escalate to $109.Īnd suddenly, the higher-priced printer option #2 may offer better life cycle costs. The first costs for printer option #1 are $59.00, while the first costs for printer option #2 are $99.īased on first costs alone, option #1 seems the logical choice however, upon reading reviews, it seems the print head (the main component) on the cheaper-priced printer commonly fails within the first year and, of course, after the 90 day warranty expires. Conversely, life cycle costs also include factors like the life expectancy and maintenance of a product over its lifetime.įor a better understanding, let’s look at the comparison of a home office printer. As you might expect, the first cost is the product cost on the day of purchase. We need to define two terms to discuss costs: first cost and life cycle cost. With metal roofing lasting three times as long, most homeowners expect the product to cost more however, the question is, how much more? In the wise words of Albert Einstein, they’re just over the insanity of it all.Ĭonsequently, many homeowners are researching the possibility of metal roofing for their homes, and of course, product cost is a necessary component of any research effort. Why?īecause, in many cases, they’re simply tired of the never-ending cycle of budgeting for and paying off a roof on their home. That means 12% of the homes needing a roof replacement no longer replace their shingle roof with another roof. Think about those statistics for a moment. Based on recent data, metal roofing now holds 12% of the remodel market share and 8% of the spending for new residential construction. ![]() ![]() With increasing frequency, homeowners consider the possibilities of a metal roof on possibly their most significant investment, their home. Perhaps that’s why residential metal roofing continues to gain in popularity. Homeowners, tired of the constant churn of shingle replacement, are searching for better roofing options. But over the past several years, a funny thing has happened. When faced with roof replacement, many homeowners have settled for the cheapest, most popular product - asphalt shingles. In these uncertain times, metal roofing continues to be an excellent long-term investment. NOTE: This content was published in April 2022 to reflect current material prices and inflation.
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