Does Re-Siding Your Home Add Resale Value?

Re-siding a house adds a significant amount of resale value to a homeowner’s property. The National Association of Realtor’s site, Houselogic, reported the best options for improving home value in 2014 were exterior jobs, including siding replacement. Whether the siding you chose is vinyl, fiber cement, or foam-backed vinyl, the decision to re-side a home has consistently increased resale value for homeowners. Re-siding adds to the house’s curb appeal and also helps to control energy costs, which makes it a smart investment.

Midrange Vinyl Residing Project

Vinyl siding is a reasonably priced, lightweight, and virtually maintenance-free direction of supplying thermal protection to the property’s exterior. In accordance with”Remodeling Magazine’s” 2014 Price vs. Value Report, a midsize vinyl siding redesign will increase your home’s value by 78.2% of the project’s cost. The report estimates that a midsize plastic replacement job will probably cost $11,475, also has a resale value of $8,975. The $11,475 figure is the projected cost to substitute 1,250 square feet of trim and siding.

Upscale Fiber Cement Re-siding Project

Fiber-cement siding is more resistant to fire, moisture, termites and rot. In addition, it doesn’t bend. The Cost vs. Value Report classifies fiber cement re-siding as an upscale project that entails replacing 1,250 square feet of existing fiber with new factory-primed and factory-painted fiber-cement siding, and also replacing fiber-cement boards or mobile PVC 4/4 and 5/4 cut, which costs an average total price of $13,378. This re-siding project produced a typical resale value of $11,645, which signifies an increase in house value that is 87 percent of the project cost. (Ref 1, 4, 5)

Upscale Foam-Backed Vinyl Re-siding Job

Foam-backed or foam-core vinyl siding allows the vinyl to lay flat against the home, creating a solid foam barrier which is not as vulnerable to impact from objects or weather. It’s another upscale re-siding undertaking, with an average price tag of $14,236 to substitute 1,250 square feet of siding, including factory trimming at corners and openings. This re-siding project produced a $11,124 resale value, which represented an increase in house value that has been 78.1 percent of the sum invested in the project.

Yearly Comparisons

The resale values for siding replacement have kept steady. On average, homeowners recouped 72.9 percentage of plastic siding replacement costs in 2013, 69.5 percent in 2011-2012, and 72.4% in 2010-2011. To get fiber-cement siding replacement, homeowners recouped 79.3 percent in 2013, 78 percent in 2011-2012, and 80% in 2010-2011. To get foam-backed vinyl re-siding jobs, homeowners recouped 71.8 percentage of their investment in 2013, 69.6 percent in 2011-2012, and 72.4% in 2010-2011.

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