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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.

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)

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.

Choosing the right metal fabricator for your project begins with research. Find a reputable fabrication company by searching for reputable contractors in your area, and then reviewing photos of their previous work, customer reviews, and photos of the company’s workshop.

Once you’ve narrowed down the list, contact the companies to ask about the types of metal fabrication projects they specialize and inquire about guarantees and warranties on workmanship. You should also ensure the company uses high-quality material, and ask about the schedule and turnaround time for your proposed project.