Almost any home improvement project helps to increase your property’s value. At the pinnacle of a top ten list that adds immediate value to a home is siding. Whether you are repairing your siding panels, preparing to sell your home, or simply upgrading your siding, this is an excellent way to improve the condition of your home.
If your siding is more than 30 years of age, it may be time to upgrade. Go around your house and inspect your siding because even a small crack or hole spells trouble. Ants, termites, bees, or other insects could crawl inside and upend the construction of your home.
To help you save money, here is a tip. When it is time to replace your siding, pick the same type of siding material that you are replacing because this will go a long way to save you a few bucks. Even though siding makes your home look great, it helps to protect everyone living inside.
Siding has always been touted as protecting your home’s structure from harsh winds, heavy rains, and other weather-related conditions. Let’s look at other benefits of siding and how new siding helps to increase your home’s value.
Siding Makes a Home
Cutting-edge siding provides many beneficial values such as adding to the sale appeal of your home, saves on electrical utility bills better known as being energy efficient. Afresh siding keeps those inside healthier by protecting the family against weather, insects, mold, etc. Siding is also a great long-lasting investment.
The exterior of any home presents a beautiful curbside appeal attraction. If your home’s outside structure begins to wear away, like your siding panels, there is nothing more unappealing to a community or the public in general. For this reason, replace old siding and invest in a fresh siding appearance.
Signs of Deteriorating Siding
Siding is an aesthetic appeal to the exterior of your home. However, over time, siding can develop some common problems. Below is a majority of common siding problems that homeowners have experienced. If you are unsure of the signs that siding panels need to be placed, here are some tips:
- Siding has multiple holes.
- Siding begins to buckle or become warped.
- Siding has large cracks.
- Siding color is faded and peeling.
- Siding is becoming moldy and unattractive.
Types of Siding Materials
Siding makes homes look amazing! With modern technology, homeowners can choose from a variety of siding materials that can take your home from modest to luxurious with costs that provide a nice recoup value:
- Board and batten
- Log (Steel Log)
- Wood (Wood Shingle, Engineered Wood)
Cost vs. Value
According to the National Association of Realtors (NAR), upgraded siding is one of the most cost-effective home improvement projects. As a homeowner, installing or upgrading siding onto your home will allow you to recoup a 2021 high percentage on your investment.
The 2021 value of house siding costs between $3 and $11 per square foot. Installation can be anywhere from $3,000+ to $20,000 depending on the type of siding you have chosen, the shape of your home, and the size of your home.
The NAR gives an example of your recouped value which may be around 79% to 83%. In other words, an original siding investment that is around $8,000 will add $6,000 to $7,000 to a home’s asking price. This is a great recoup investment price.
I know what you are thinking. You’re thinking that if you put afresh siding over the old ones, that you could save money. NO! This will not be smart on a couple of levels. First, by removing the old siding panels, you can reveal the health of your outside walls.
When the old siding is removed, you can see if you have damage that needs to be rectified. Secondly, by installing virgin siding, you extend the life of your home. Also, an upgraded siding over the old siding can give your house an uneven look, like there is something off, but you don’t know exactly what it is.
Benefits of Virgin Siding
Vinyl siding does not fade. Siding materials do not require painting which is a home value that saves time and money. If you would like to enhance your siding panels, simply add a new color trim. Siding materials are maintenance-free. Power-washing your home is all you need to do to get rid of dirt, pollen, and other surface debris.
Siding materials are a source of insulation, thus allowing homeowners to save on their electrical bills. Also, families can remain cooler in the summer and warmer in the winters because siding prevents drafts.
Siding panels help to reduce outside noise levels. Noise is lessened depending on the type of siding panels you choose. For example, vinyl, which can help to block noise levels that are no higher than in the 4,000Hz frequency. Other siding materials like stone can also hamper extraneous materials at higher levels. The thicker the siding the better it is at helping to block outside noises.
You can’t prevent major fires from destroying your home like the fire outbreaks in the West. But you can feel safe by installing your exterior walls with less combustible siding material. Brick, aluminum, and fiber cement are just a few of the protective siding materials that can withstand the heat of fires and lessens its possible spread throughout your home.
A Rise in Value
Depending on the type of the different siding material you choose, original siding on your home can last from 15 years to 40+ years. The boost in value for your home by adding state-of-the-art siding gives you the following investment for years to come with a value that is exponential:
Years of Staying Power
- Environmentally friendly
- Indoor energy efficient
- Fire/heat vulnerabilities
- Save money on keeping up with outdoor maintenance
- Great resale value
Also, just for appearance’s sake for yourself or as a selling point, when you add a different style of siding, it gives your home a whole new face. For example, suppose your old siding is aluminum.
A nice-looking aluminum siding panel looks good but what if you changed to brick? Do you know that your home value just went through the roof? Does new siding increase home value? The answer is an absolute Yes!