Is Replacing Your Siding a Good Investment?
What is the best reason to replace the siding of your residential home?
When you think about the benefits of siding, you probably think of how siding helps maintain your home’s curb appeal. While this is true, the main purpose of siding goes far beyond aesthetics. Siding is your home’s first defense against poor weather and outside conditions.
Old or damaged siding can make your home look worn down, decrease its value, and lead to potential water damage and energy inefficiency. Upgrading your siding can enhance curb appeal, increase energy efficiency, increase the value, and protect your home from the elements.
What happens if you do not replace your rotted siding?
If you do not replace your rotted siding, it can further damage your home's exterior and potential moisture and insulation issues. Additionally, it can decrease the value and curb appeal of your home.
Top 4 reasons to replace your siding
Improved Energy Efficiency: Newer siding technology can better insulate your home, reducing energy bills and making your home more comfortable year-round.
Increased Property Value: Replacing your siding can give your home a fresh, updated look, increasing its curb appeal and overall value.
Enhanced Protection: New siding can provide better protection from the elements, including wind, rain, and extreme temperatures, helping to preserve your home's structure.
Reduced Maintenance: Older siding may require frequent repairs and maintenance, while new siding can be more durable and require less upkeep.
How does siding increase home value?
Exterior projects can have a significant impact on a home's value, and this is because of the concept of "curb appeal" and "first impressions." These concepts are crucial in real estate because they influence how much prospective home buyers are willing to pay for a property. A well-maintained and attractive exterior can make buyers see the home in a more positive light, and they are more likely to pay a higher price for it. In contrast, a poorly maintained exterior, such as a dilapidated garage door or rotting siding, can have the opposite effect and cause buyers to devalue the property. These impressions are subjective, but they can consistently influence buyers' decisions.
Replacing your home's worn-out, old, or unattractive exterior siding will add value. How much value generally depends on the type of material. According to Remodeling by JLC, you can see in the South Atlantic Region, when replacing your siding with vinyl or fiber-cement, your Return On Investment, ROI, is higher % than national averages.
1. Fiber cement siding Replacing your existing siding with new fiber cement siding (such as James Hardie products) may add about $17,107 in value, according to the 2023 Remodeling Cost vs. Value report. The cost estimates assume you’re replacing about 1,250 square feet with the new siding painted in the factory. This appreciation in value represents a roughly 96.1% return on investment.
2. Vinyl siding Installing new vinyl siding will increase your home value by about $14,667, according to the 2023 Cost vs. Value report. This also assumes that about 1,250 square feet of new siding is being installed and represents a 98.5% return on investment.
Why is James Hardie siding a good choice?
James Hardie's siding is a good choice for several reasons. It is durable, low-maintenance, and resistant to damage from weather, fire, and insects. Additionally, it comes in various styles and colors, allowing homeowners to customize the look of their homes. Lastly, it is backed by a strong warranty, providing peace of mind for homeowners.
Color Trends for Siding Replacement
Some popular color trends for siding replacement include neutral shades like gray, beige, and white, and bolder options like navy blue and forest green. It ultimately depends on your personal style and the overall aesthetic of your home. According to the National Association of Realtors (NAR), homeowners looking for the most bang for their buck in remodeling projects should put exterior replacement projects, like siding, at the top of their lists.
If you are ready to update your home’s siding and increase the value of your home, we can help enhance your Alpharetta, Roswell, Marietta, Atlanta, Woodstock, Dunwoody, Georgia home, contact Roof Depot today at 800-MY-ROOFER or visit MyRoofDepot.com
Roof Depot has two office locations in Alpharetta, GA and Roswell, GA which serve the North Georgia area and beyond. With 25 years of experience in business, Roof Depot has developed a system that ensures your roof, gutters, siding, and windows replacements are installed correctly through training, certification, and experience.
With a custom, innovative approach to roofing and exterior home services, we are with our customers every step of the way, from start to finish. We offer top-quality workmanship and products with an honest and dependable Roof Depot Team! Give us a call with any of your roofing needs at 1-800-MY-ROOFER!