You are currently viewing Is New Siding Worth the Cost?

Is New Siding Worth the Cost?

Are you planning to give your home a facelift after years of exposure to harsh weather conditions? Is the idea of spending a considerable amount of your hard-earned money on new siding giving you sleepless nights wondering if it’s a meaningful investment? If so, this article will show you why new siding is worth the cost.

Great Return on Investment

The National Association of Realtors (NAR) advises homeowners looking for the most cost-effective way to remodel their homes to emphasize exterior replacement projects like new siding. In a report published on its website in 2013, the association claimed that you could regain a significant percentage of your investment on all your exterior remodeling projects, especially new siding.

For instance, you can regain up to 83 percent of your investment in the new vinyl siding at resale. In its 2015 Remodeling report, NAR claimed that homeowners could regain up to 79 percent of their investment in the fiber-cement siding when reselling their homes.

Better Home Protection and Insulation

Besides giving your home a facelift, new siding also offers your home better protection against harsh weather conditions. New siding will keep your home safe, whether it’s severe thunderstorms, heavy rains, tropical storms, hurricane-force storms, or winter storms. In addition, it will increase your home’s energy efficiency.

When you are getting rid of the old siding, you will have an opportunity to repair any structural damage in your home and replace or improve your home’s insulation and house wraps before installing new siding. This helps to improve your home’s energy efficiency, which translates into a real opportunity to save money on your energy bills all through the year.

Also, when you remove the old siding, you get a chance to repair damages caused by leaks, dry rot, and other factors from the outside without problems or causing a mess. This type of repair also eliminates any additional expenses incurred when repairing your home from the inside.

Improved Curb Appeal

Aside from enhancing your home’s structural integrity, new siding will also improve the curb appeal. New siding ensures that no mold or mildew appears on your vinyl siding as grey, white, or black spots. It also adds a new color scheme to your home’s exterior. These improvements are geared towards improving your home’s curb appeal and value. Otherwise, it is going to be very difficult to sell your home with damaged or faded siding.