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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)

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.

Beams made out of traditional lumber can often only span 8 to 12 feet without requiring vertical supports, so if you want a wider opening to create a more open floor plan, you might need an LVL beam. LVL beams can span up to around 30 feet without the need for load-bearing walls or vertical supports underneath, making them a better option for keeping your home as open and airy as possible.

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.