Does new siding increase home value? It’s a question we get from quite a few homeowners looking to invest in their property.
The answer is yes. New siding is a great investment for your home that will increase its value, whether you’re planning on selling soon or further in the future.
There are two reasons that’s the case:
- New siding offers a solid return on investment (ROI).
- It increases the “curb appeal” of your home, helping increase its value on the market.
Siding lasts between 20 and 60 years, depending on the material.
Cement lasts toward the upper end of that span. Vinyl is closer to the middle, lasting around 30-40 years.
If you have visible damage or find yourself repainting often, it’s time for new siding. Even without blemishes, if you’re planning to sell, it’s worth upgrading now.
New siding delivers real ROI.
According to the National Association of Realtors’ Remodeling Impact Report, new siding offers one of the highest returns on your investment among home improvement projects.
To increase home value, siding material matters.
How much does new siding increase home value? The exact figure depends on the material you use. And while ROI shouldn’t be your only factor in construction, it’s certainly one to consider. Let’s take a look at some home siding options and whether they affect the value of your property.
Vinyl siding recoups more than 90% of its cost.
According to the Journal of Light Construction, vinyl siding offers the best value in exterior remodeling with a 94.7% return. It also costs less to install than other materials like fiber cement, while delivering a boost to curb appeal.
Fiber cement siding offers the next-highest return.
Cement siding delivers an average ROI of 88.5 percent. It’s known for its durability, resistance to fire and pests, and its modern look. Buyers also appreciate that it holds paint well.
Natural wood and stucco have lower ROI.
Wood siding and stucco have higher upkeep costs, keeping their ROI around 70-80%. Natural wood requires sealing and is prone to moisture damage in humid climates, while stucco can crack and is expensive to repair. But many people love the look of wood or stucco, and they find the cost is worth it.
Buyers’ first impression is a home’s exterior.
You’ve heard the term “curb appeal.” It’s a bit overused, but it’s a very real phenomenon.
So, how does new siding increase home value? It’s all about the first impression, or if you like, a home’s curb appeal.
When buyers pull up to a home, the siding is one of the first things they see. If it’s in good shape, it sets the tone for the rest of their tour. But if your siding is damaged or warped, buyers’ first impression will be marred, and they’ll wonder what other repairs they’ll need to make.
A beautiful exterior raises the sale price.
REALTOR Magazine reports that homes with attractive exteriors sell for up to 7% more than comparable homes. The fact is, exterior appearance, including the siding, will influence a buyer’s offer.
Even if you’re not planning to sell right away, siding protects your home.
Quality siding installed by professionals protects from moisture, pests, and wind. It also prevents energy loss, whether that’s warm or cool air.
The result: lower utility bills and maintenance costs over time. New siding adds value whether you’re selling or planning to stay.
And according to the Remodeling Impact Report mentioned above, new siding simply makes homeowners happier — significantly happier than most other home renovations — with a greater desire to spend time at home.
Pair your new siding with a roof upgrade.
If your roof is nearing the end of its life, it may be worth replacing at the same time as your siding.
When one looks new and the other is worn out, you’ll have a visual mismatch that raises questions with buyers.
It’s also more cost-effective to do both projects at the same time, and allows for easier coordination of materials and colors.
You’ll also be able to replace flashing.
Flashing is the sheet metal used to keep water from getting into your home where your roof and siding connect. If you only replace one, you risk leaving old, deteriorating flashing, which can cause leak issues.
Your roof may be more damaged than you realize.
That’s particularly true here in Texas, where we get so many hail storms. A professional inspection could even uncover enough damage to qualify you for compensation from your insurer.
Talk to Juno Construction Group for new siding installation today.
At Juno Construction, we install high-quality siding and roofing that increase property value and protects homes for the long haul.
Contact us today for a free quote.
