Is New Siding A Good Investment

For the fourth year in a row remodeling magazine s annual cost vs.

Is new siding a good investment.

Fiber cement siding s roi was equally impressive at 79. These are also some of the least expensive improvements that add curb appeal and value to your home. Siding does increase home value. Thinking of getting siding for your home.

It s maintenance and upkeep. Compared to other sidings the 12 013 national average project cost for vinyl siding replacement is relatively affordable and it provides an 80 7 roi slightly behind that of fiber cement. With an average job cost of 13 177 fiber cement siding nets an 86 7 percent return. Remodeling magazine s annual cost vs.

So to answer the question yes new siding is definitely a good investment. Very little work that you put into a house would qualify in my mind as an investment like a car the immediate return in terms of improved sale value is almost always negative. Re siding adds to the property s. Brand new or damaged siding can drastically affect your home s value.

Now let s talk about some popular trends in siding as well as some other ways you can improve the exterior of your home. And according to a report by cnbc vinyl siding can recoup up to 89 of its initial cost when the time comes to sell your home. Replacing exterior siding purely for aesthetic reasons is not considered a good investment. For example you can expect to recoup 83 of an investment in new vinyl siding at resale according the nar s 2015 remodeling impact report.

It s a wise decision especially from a financial standpoint. With upgraded siding you enhance your curb appeal which will bring more buyers through the door. If your current siding is falling apart and in disrepair putting on new siding is usually a good investment. Worn cracked discolored siding will turn buyers away and could lower your home s value in an appraisal.

Value report ranked adding fiber cement board siding to your home as the best home improvement investment based on return at resale. It will protect your home from the elements while also preserving its value by preventing deterioration. Value report replacing windows and siding can give you a great return on your investment when it comes to resale. Why new siding is a good investment.

No it s not an investment at all. A good rule of thumb would be to choose the best vinyl siding in terms of quality and style you can afford.