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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.

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.

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.

Costs depend on metal type, fabrication complexity, labor, finishing, and shipping or installation requirements.