If your home’s siding is looking worn and torn, you need to make some key decisions. Do you spruce it up by performing some small upgrades? Do you invest in an entirely new siding? The choice you pick will have a significant impact on your home’s resale value. Before making a decision, take your time and weigh your options. Here’s a guide to help you make the right choice.
Why a Siding Upgrade is Important
In today’s real estate market, making a perfect first impression is vital. The appearance of your exterior area heavily influences a potential buyer. The siding is an integral part of the curb appeal, and a new installation has the power to attract and entice buyers. In fact, 94 percent of real estate professionals urge sellers to improve their homes’ curb appeal before putting their homes on the market, according to the National Association of Realtors.
Apart from cosmetic value, siding has architectural value. It’s an essential component that acts as a shield against the elements. It can prevent leaks, water damage, and mold. It also provides an extra layer of insulation, thus improving your home’s energy efficiency. After years of service, sidings typically wear and tear. This may compromise the structural integrity of your home and ruin its visual appeal. Replacing the entire siding can be seen as a wise investment that will boost the structural soundness of your house, refresh the looks of the exterior, cut maintenance costs, and keep your electricity bill in check.
How Re-Siding Increases Your Home’s Value
Very few home upgrade projects have the potential to make a home look brand new. Re-siding is a smart move that will give your house a new and fresh face. Homebuyers are looking for a home that looks newer, and replacing your siding will help your home attract interest, sell faster, and fetch more. With the average cost of the entire siding replacement project coming to $10,000, it’s an upgrade you need to undertake considering what you will gain.
A new siding adds a 78 percent return at resale, according to the Business Insider. The fact that you are guaranteed to recover a fair share of that amount makes it a must-do project. Before settling for a siding overhaul, gauge the condition of the existing surface. If it is slightly damaged, you can consider repairing it or replacing the damaged panels depending on the type of material. For extensive damage, an overhaul may be the most suitable option.
Types of Siding
Before you strip your old siding and look for new products, you need to understand the different types of sidings available in the market. There is a wide array of siding materials, and each has its own unique characteristics. The product you pick will mostly depend on the current siding you have and your budget. Below are some of the most common siding materials.
Vinyl is one of the most popular siding material. It’s a manufactured plastic product that comes in multiple color choices and styles. Quality vinyl siding is highly durable and isn’t susceptible to cracks and fading. Although it requires little maintenance, it still needs to be regularly inspected and cleaned. Its cost depends on the quality you go for. It generally ranges between $2 to $7 per square foot. The total cost of the vinyl siding installation project, including labor, comes at around $13,350. On the downside, old and low-quality vinyl can develop cracks, and panels may fall off.
Fiber cement siding is a product that contains a mix of cellulose fibers, cement, and sand. It’s insect resistant, fireproof, and energy-efficient. It performs strongly during natural disasters, doesn’t rot, and requires minimal maintenance. Its durability is what sets it apart from other materials, and some manufacturers even offer a 50-year warranty, as noted by The Spruce. Fiber cement also gives you options, as it comes in different textures and patterns. During installation, the crew needs to wear protective masks to avoid inhaling risky plumes. The cost of a full installation is around $18,000.
Of all the siding options available, most people agree that wood is the most attractive. It comes in many styles and finishes, and gifts a home a natural feel and look. However, wood is not so perfect. It is a high maintenance material that gets damaged by insects, fire, water, sun, and rot. It also requires an exterior finish to complete its look. The cost depends on the type of wood, but it ranges between $14,000 to $25,000 for a full installation.
What to Consider Before Installing a New Siding
Not every re-siding project will fit your home. If you want to entice buyers and recoup your money, you need to look into a few factors. Before choosing a product for your siding installation, make sure the material can withstand the climate conditions of your location. Second, investigate the siding materials that buyers in your region are looking for. Third, pick a siding color that blends with neighboring homes, and yet complements the look of your home’s exterior.
If you are looking for creative ways to increase your home’s value, consider giving your siding a facelift. A new siding will drastically change the way buyers view your home. They will be willing to pay more, and you can be sure of a good return on investment.