Siding and Home Values
Siding and Home Values -- HGTV recently aired their top 20 home improvement ROI (return on investment) projects. Home siding topped the list, adding, on average, between 80% and 110% of the cost of the project to the value of your home. This means that if you spent $5000 on new home siding, you can expect to add nearly $10,000 to the value of your home. The reason is that first impressions go a long way and siding that is done right can look absolutely amazing.
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Siding and Home Values -- Continued
Home siding can greatly increase its value while dramatically improving the overall look of your home. Here are a few reasons why this home improvement project was named the best return on investment for your home value.
Siding Looks Good No Matter What Type of Home You Own
Siding is available in a wide variety of colors, shapes, widths and styles to fit your tastes and vision. Standard siding widths are 4, 5 inch, and 7 inches. Home siding is available in the more traditional horizontal variety, but is also available in a vertical at 8 inch width. House siding can either have a smooth grain or wood grain finish.
There are also several siding accessories to complement the look of home and add a bit of pizazz. Whether you have a modern home, ranch style home, Craftsman or Victorian, there is a siding that is perfect for your needs.
Siding Lasts For Decades
Home siding stands up to rain, sleet and snow for years and years. It doesn't peel or crack or peel under intense heat from sunlight.
It can withstand quite a beating without showing signs of wear and tear. If the neighborhood kids hit it with a ball, it won't dent or scratch like other types of siding. When it needs a cleaning, all you need to do is rinse it with soap and water. Afterwards, it looks like you just added a fresh coat of paint to it.
Siding Adds Real Value To Your Home
When you get ready to sell your home and you add vinyl siding to it, you can usually recoup about 100 percent of the money you spent for the siding. Sometimes you can add even more value to the house than what you spent for the siding. Vinyl siding is typically less expensive than aluminum, too. And you don't need to worry about people ripping off the siding to sell at the scrap yard, either.
Siding Is A Relatively Easy Home Improvement Project
Many handy homeowners have been able to install their vinyl siding without hiring a professional company to do it for them. This can save you hundreds or even thousands of dollars depending on the size of your house. It's more flexible and you don't have to worry about creases in the metal or deep cuts from the jagged edges.
If you have to choose which home improvement project to do for your home, vinyl siding should be at the top of your list. With its appearance, durability, and affordability, it's the best thing you can do for your home's overall value.
The Cost of Home Siding
The cost of adding siding should run between $4.00 and $12.00 per square foot. The industry average is about $7.00 and the home construction experts suggest anything over $9.00 a square foot is overpriced. The major cost that a homeowner will face, is the cost of labor for installation. Installation costs could run as high as three times the cost of the material. If you have the time, the equipment, and a do-it-yourself motivation, you could save a lot of money by installing the siding yourself.
The Benefits Beyond Home Value
In addition to adding direct value to your home, siding can also save you money on your energy bills. An extra layer of insulation will keep heat in during the cold winter nights and keep your home cool during the warm summer months. This can translate into lower monthly energy bills that over the life of the siding can add up to some real savings!
There are also independent contractors you can hire on your own that specialize in the installation of vinyl siding. They will come and give you an estimate for the cost as well as get all the materials for you. It is a good idea to get a free consultation from several companies so you can compare prices. Make sure you look into the reputation of the contractors before you commit to one. Get all of the information about the work and the prices in writing. They may even offer you a good discount if you are willing to advertise for them by placing a sign in your yard about who did the work and a phone number.
If a contractor installs it for you they should offer a good warranty as well. Vinyl siding never has to be repainted so that is another area where you will save time and money. Vinyl siding is a very affordable and realistic option for increasing the value of your home.