1. What are my siding options?
The two most popular siding choices are replacement composite, which is made of recycled wood pulp, and vinyl.
2. What are the benefits of vinyl siding?
Vinyl siding is easy to install, virtually maintenance free and, because it doesn’t fade, it’s long-lasting. Oh, and did we mention vinyl siding costs are extremely affordable compared to other siding installation options.
3. What does the siding installation project entail?
Any rotten wood should be removed, and window and door openings should be sealed. Then the insulation board, siding and any accessories, like shutters, are installed.
4. Will there be a big mess with vinyl siding installation?
Yet another benefit of choosing vinyl siding is that it comes in large panels, which minimizes any project-related messes.
5. What should I do before the siding installation starts?
Make sure your driveway is clear, and move any outdoor furniture and equipment that could be in the way
Siding ROI for Different Materials
According to the 2019 Cost vs. Value report, your siding ROI on average can yield 76 percent, but the many different siding materials each carry their own rates to consider.
For example, the most common — and least expensive — siding material is vinyl which has an ROI of nearly 80 percent. This compared to the more expensive stone siding, which estimated to have a lower 60-70 percent ROI rate due to its higher up-front cost.
The estimated siding ROI rates for various materials are as follows:
- Vinyl – 80 percent
- Wood – 77 percent (This can be lower for more expensive woods like cedar, and higher for engineered wood)
- Stucco – 70-75 percent
- Stone (veneer) – 97 percent
- Natural stone – 60-70 percent
- Aluminum – 77 percent
- Brick – 65-75 percent
- Fiber Cement – 77 percent
One additional factor to consider is how long you plan to stay in your home versus the lifespan of the siding. While brick siding, for example, might have a higher price tag, it can also last over 100 years with proper care. Vinyl, while more affordable in the short term, only has a lifespan of 20-30 years.
Selecting a siding material that coincides with your long-term goals can help you maximize your ROI and make the difference between replacing your siding once or two (or more) times.
Using the above information, along with a siding cost calculator, will provide you valuable insight in estimating your project cost and how much you stand to recoup.
Energy Efficiency of Siding Materials
While the upfront cost is certainly a deciding factor for many home improvement projects, it’s not the only one. When it comes to siding, selecting a material that most effectively insulates your home from the weather specific to your location can lower monthly energy costs.
The energy savings you’ll see from new siding won’t be as much compared to other renovations, but it can become a significant amount the longer you stay in the home. And, with most siding installations including a lifetime warranty, these savings can add up.
Additionally, there are plenty of government incentives for energy-efficient home improvements. Check out the Database of State Incentives for Renewables and Efficiency (DSIRE) to search for energy-efficient incentives in your state.
What It Means For Your Wallet
With an average ROI of over 80 percent — and even higher for certain materials — installing new siding on your home is one of the best ways to add value to your home and increase curb appeal while still recouping a majority of your investmentIf you’re thinking about installing vinyl siding for your home, it’s a great option which can not only provide strong benefits over other types of siding, but it can also be more affordable than people sometimes think.
The price of vinyl siding will depend on many factors, not only concerning the type of siding that you use, but the scope and complexity of the job, and any additional work which may need to be done in advance of installing the siding.
Certain types of damage will have to be repaired before beginning. If for example the walls under your existing siding have become exposed and the wood is rotting, it will have to be replaced before your new vinyl siding can be installed.
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Other steps which can drive up the price of vinyl siding include whether you will be adding or replacing trim, the type of insulation required, and any building permits if they are needed.
By understanding the different factors in the price of vinyl siding, you can be sure to make an informed decision.
The price of vinyl siding can depend very much on the preparation work required, but it is still a very wise and cost-effective choice in the long run.
To find out more information about vinyl siding prices and cost, check out our Siding Calculator!