How Much Does New Siding Increase a Home’s Value?

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  • How Much Does New Siding Increase a Home’s Value?

    Fri Apr 28

    Author: Rener Vieira

    Siding is a protective material that covers the exterior of your home. It protects it from the elements and creates a tight barrier on all the walls to prevent rain, harsh winds, and snow from entering your house. Plus, it keeps out dirt, insects, and moisture. Not only can siding keep your home safe from all these damaging elements, but it may also increase its overall value.

    Therefore, if your siding is long past its prime, you are seeking an easy way to spruce up your property, or want to increase its value for a future sale, new siding may be worthwhile. Siding is available in a variety of styles, textures, and colors, so you are sure to find an option that meets your particular budget and aesthetic needs.

    So how does new siding boost a home’s value, and what type of increase can you expect? Keep reading to find out.

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    Reasons New Siding Increases Home Value

    There are a number of reasons new siding can raise the value of your home, including:

    Greater Curb Appeal

    If your current siding is worn, damaged, broken, or stained, new siding can do wonders for your curb appeal. Even if it is in decent shape, a new, upgraded style may help your home stand out among others in your area. Choosing a siding style that matches the architecture of your home and fits in well in your specific neighborhood may increase the value of your home.

    Curb appeal is important, especially if you plan to sell your home in the future. In fact, it can increase its selling price by 7% to 14%, depending on where you live. Potential buyers will perceive your home as more attractive if its siding is in good shape. Even if you do not want to sell your home any time soon, new siding can help you create a more inviting exterior you are proud to call your own.

    Defense Against the Elements

    There is no denying that weather conditions, like rain, snow, and wind, can wreak havoc on your home. That is where high-quality siding comes in. It can keep the outside and inside of your property safe and give you some much-needed peace of mind. A siding update can also shield against mold, insects, water, and other external forces that have the potential to damage your home. Additionally, high-quality siding gives potential buyers the satisfaction that their future home is protected against the elements and that nothing will be damaged before the move-in date.

    Improved Structural Integrity

    If you replace worn, outdated siding, you can remove serious damage, like gaps, sagging, and holes. In addition, you may discover hidden problems that compromise the integrity of your home. By resolving these issues sooner rather than later, you can save a lot of money and headaches down the road. With new siding, you will be proactive and reduce the risk of common homeowner hassles.

    Increased Energy Efficiency

    You may be surprised to learn that siding and energy efficiency go hand in hand. If your siding is more than 20 years old, there is a good chance it is unable to provide your home with the energy efficiency it deserves. As long as you choose an energy-efficient siding option, such as insulated vinyl siding or cedar siding, you can lower your energy bills, regulate temperatures, and significantly improve the comfort of your home.

    How Much Can New Siding Increase Home Value?

    The exact amount that new siding may increase your home value depends on the current state of your siding and the replacement option you choose. You will find that some siding styles will make more of a difference than others.

    Vinyl siding, which is the most popular type due to its affordability and durability, can boost your home value by $12,500. This figure assumes that approximately 1,250 square feet of new siding are installed. If you replace your current siding with fiber cement siding, you may add up to $15,100 in value, also assuming about 1,250 feet installed. A manufactured stone veneer will likely increase your home value by $10,100.

    It is important to note that the return on investment (ROI) on siding will also depend on other factors, such as the trends in your area, what your neighborhood looks like, and your surrounding climate. Do your research and make sure you know what type of siding is right for your unique neighborhood and climate. For example, just because you like the look of stucco siding, doesn’t mean it is a good fit for your particular home. Home buyers can be picky, and oftentimes do not want something too flashy or incohesive with other homes in the area. Make sure to pick a neutral color and popular, durable, and long-lasting material. Our siding contractors here at Landmark Roofing and Siding can help you figure out what material will be the best fit and investment for your home.

    Is New Siding Worth It?

    Whether new siding makes sense depends on your particular circumstances and goals. If you have plans to sell your home right away and your siding is in decent shape, you may want to hold off on the siding update as you will likely spend more than you will make back.

    But if your siding is in poor condition and you want to ensure you attract the best buyers, new siding might be worth exploring. If you would like to remain in your home for a while, quality siding can protect it from the elements and offer an improved appearance. Then when the time comes for you to sell, your siding will already be in great condition. If you are unsure of whether new siding is worth it for your unique situation, reach out to Landmark Roofing and Siding for some guidance. Our expert siding contractors are happy to provide you with a free, no-obligation siding consultation to help inform you of your options and answer any questions.

    In Need of New Residential Siding? Contact Landmark Roofing Today!

    Landmark Roofing and Siding is a premier roofing and siding company in Redmond, Washington. If you believe your siding needs to be replaced or would like a professional contractor to look at it and make a recommendation, do not hesitate to reach out. We offer a variety of residential siding services, including repairs and installations, in addition to our comprehensive roofing services.

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