What if the real secret to boosting your home’s value has been hiding outside the corner of your eye?
Many people think that increasing the value of their home means performing expensive renovations of the bathroom or kitchen. However, adding new home siding is a much easier way to raise your resale value.
Wondering why that is? Keep reading to discover the answer!
It may sound shallow, but one of the biggest factors to your home’s value is the curb appeal. Before a prospective buyer can be impressed by the interior, they need to be impressed enough by the exterior to stop by.
Obviously, the siding on your home takes up a large portion of the exterior. And that means that it is largely defining the “look” of your home.
When old siding looks really cracked and weathered, it makes buyers worry about its value and integrity. It’s a bit like shopping for pots and pans. Do you want the one that looks dingy and cracked or the one that looks brand new?
With some new siding, you can increase the curb appeal and overall resale value of your home.
Rough and Ready
As you know, the siding of your home isn’t just there to look good. It’s also there to protect your home from various elements (more on those elements later).
In this way, siding functions a bit like the “armor” of your home. When it is new and sturdy, you can be confident that your home is being protected from whatever nature can throw at it.
Over time, though, any siding material is going to break down. This is like having holes in your armor: your home no longer has the protection it needs.
Keep in mind that new buyers are looking at your home as a long-term investment. When they see new siding that will protect them for many years, they will feel more secure in buying the home.
Most of us didn’t go to business school. But we can’t talk about your home’s value without talking about a simple business concept: Return On Investment.
It’s not enough to simply lure buyers in with a sexy and sturdy home. You also want to know that you’ll be able to recoup the value that you put into something like new vinyl siding installation.
According to some estimates, you can recoup nearly 90% of the cost you put into that vinyl siding. So, if you spent $10,000 on new siding, it may retain nearly $9,000 of value.
As far as depreciation goes, that is actually really impressive. It means that you can personally enjoy all of the benefits of new siding and then have your hard work reflected in the higher resale value of the home.
Renovate As You Go
Ask the average homeowner why they hate renovations. Most of them will say they hate all of the stress and cost of taking on a major project.
Here’s the beauty of adding new siding: the project can be as large or as small as you want it to be.
Obviously, if you are replacing all of the siding at once, that is going to be a major project. But nothing says you have to wait until all of the siding needs to be replaced.
For example, when you see that individual panels are looking pretty bad, you can go ahead and replace them. In this way you replace the siding over time, meaning you don’t have to spend a ton of time or money upfront.
Depending on your home location and yard, this may be wise, because certain panels are going to get damaged more quickly than others. You can simply focus on the ones that need replacing, one panel at a time!
Plenty of Choices
One of the things we love about replacing siding is that you have plenty of choices. We may have talked about vinyl siding installation earlier, but there are other materials you can choose from.
Vinyl is the most popular choice, and it’s available in many colors and price points. However, it’s less sturdy than other materials and may make your home look a bit generic.
Fiber cement is a great choice if you want a sturdy siding that helps keep insects out. But it holds more moisture than other materials and is very difficult to install, meaning you’ll need to hire dependable siding contractors.
Wood siding provides a look that is both classic and inexpensive. The main drawback is that wood will face ongoing threats from termites, rot, and other outdoors dangers.
Climate change has been a contentious topic in recent years. One thing that we can all agree on, though, is that the weather is now crazier than ever.
As we mentioned before, the primary purpose of home siding is to protect your home from the elements. Because of unpredictable weather, new siding does more than add new value: it helps to protect the existing value by protecting the home itself.
We cannot overstate this: replacing your siding is more than just a cosmetic improvement or a curb appeal tactic. It’s a way of protecting the money and sweat you have poured into your home!
Stand Out Across the Crowd
Want to hear a basic secret of increasing resale value? Your home needs to stand out from the others.
With a few exceptions, most people don’t want to live in a neighborhood where all the houses look alike. If everyone in the neighborhood has the same siding, then nobody really stands out.
By choosing a different siding material and color from everyone else, you instantly make sure that buyers’ eyes are drawn towards your home.
New Home Siding: The Bottom Line
Now you know how new home siding increases the value of your house. But do you know who can help install it? With Landmark Roofing you can replace your home’s siding and get new gutters for FREE! Contact us today by calling 443-214-2533 to increase the value of your home!