Some remodeling jobs clearly give you more bang for your buck than others, and re-siding your home offers a moderate return on your investment. When the housing market was booming in 2003, you could recoup nearly 100 percent of your re-siding cost. The market has long since quieted down, but a siding project may still help you sell your home faster.
Replacing your current siding with new vinyl siding will net you 72 percent of the job cost, according to Remodeling magazine's Cost Vs. Value Report 2010-2011. The average siding job costs $11,357, including all new trim. However, you will only recover $8,223 of your investment. If your current siding is in serious disrepair, you may be unable to sell your home unless you tackle the job. Curb appeal can make or break a sale in any market.
Foam-Backed Vinyl Siding
Vinyl siding with foam backing is an upgrade from standard vinyl siding and offers better insulation. Though the material costs more, insulated vinyl siding improves the R-value value of your home, thereby reducing heating and cooling costs. The siding reduces outdoor noises and withstands heavy winds. With a 72 percent return on your investment, expect the job to recoup you $10,119 on your $13,973 investment.
To recoup the most money, choose fiber-cement siding. This exterior material looks like real wood and offers durable protection against moisture, wind, fire, bugs and more. With an 80 percent return on investment, fiber-cement siding represents one of the shrewdest improvements you can make. The average job, including trim, costs $13,382 but will make back $10,707. Only two projects have more bang for the buck: replacing the garage door and replacing the entry door.
Protecting Your Home
Siding protects your home from the elements, and delaying maintenance will eventually catch up with you. By putting off the job, you may end up with decay, dilapidation and water damage in your home. If your current siding is high-maintenance or appears worn and unattractive, your home is significantly less marketable than homes with updated exteriors.
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