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Costs depend on material type, labor, design complexity, finishing requirements, and installation needs.

A steel beam is stronger than a wood beam and requires fewer vertical supports underneath, which means it’s a better option for larger structures or if you want an open space under your home that doesn’t have posts as obstructions. However, steel I-beams cost more than wood ones, and they can be difficult to install retroactively, as getting them into the basement area can be challenging, if not impossible.

Steel I-beams are an increasingly popular choice for supporting a structure because they support a large amount of weight with a small profile and without the need for load-bearing walls or supports underneath. This allows for more open floor plans, which most people tend to prefer. They also resist fire, pests, and rot and last for the lifetime of your home.

You should pick steel for your new support beam for a few reasons. While steel is more expensive than other materials, such as laminated veneer lumber or glulam, it offers the following benefits:

• Fire-resistant

• Unaffected by pests

• Longer-lasting

• Stronger against water damage (when galvanized against rust)