Is New Siding A Good Investment

Replacing exterior siding purely for aesthetic reasons is not considered a good investment.

Is new siding a good investment.

It cost an average of 13 400 resulting in a resale value of 11 600 or an 87 percent return. So to answer the question yes new siding is definitely a good investment. With an average job cost of 13 177 fiber cement siding nets an 86 7 percent return. 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.

Value report ranked adding fiber cement board siding to your home as the best home improvement investment based on return at resale. Replacing your house siding can yield an 80 rate of return on your investment when you sell your home. It will protect your home from the elements while also preserving its value by preventing deterioration. If you re looking to sell your home soon new home siding is one of the best ways to increase your home s curb appeal and potential buyer s interest.

For the fourth year in a row remodelingmagazine s annual cost vs. Remodeling magazine s annual cost vs. Fiber cement siding s roi was equally impressive at 79. Whether the siding you chose is vinyl fiber cement or foam backed vinyl the decision to re side a house has consistently increased resale value for homeowners.

Value study for 2019 shows replacing your siding returns more than 88 percent of your cost in improved home value for new england homes among the highest return on investment for any remodeling project. Re siding adds to the property s. 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. Now let s talk about some popular trends in siding as well as some other ways you can improve the exterior of your home.