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Yes, an LVL beam is more affordable than the cost of a steel I-beam, totaling between $50 and $200 per linear foot as opposed to the $100 to $400 per linear foot you’d pay for a steel I-beam. Not only is the wood material more affordable than steel, but it’s also more similar to traditional wooden beams and doesn’t require as much retrofitting to connect joists.

Lally columns are named after their founder, John Lally, who owned a construction company in the 1800s. He invented the columns as a means of providing temporary support for beams and rafters in homes his company was renovating. The original Lally columns were also made of steel, although the inventory used a thicker gauge metal, which provided additional support for larger projects and long-term structural solutions.

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.

No, beams are the primary load-bearers for flooring or roofing systems, and they distribute the weight of the structure to your foundational supports, while joists bear far less weight and distribute their loads to the beams. Beams are usually thicker and longer, and they have support posts or foundation walls beneath them for support.