Most homeowners recoup the costs of siding installation within 1 to 2.5 years. Not a bad tradeoff at all.
Naturally, though, your payback period will depend on several factors, like the price you obtain on materials and labor, the quality of those materials, installation costs, and your finance term and/or interest rate. But there are inherent payoffs in other ways, such as lower energy bills through improved home insulation, plus the repairs and home structural damage you will have avoided down the road.
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Below I’ll break down the best ways to recoup your expenses on new siding.
Can New Siding Lower Your Energy Bills?
Simply said, new siding helps dramatically lower your energy bills because it adds several layers of insulation to your home’s outer shell. In the summer, less heat is transferred through the tiny crevices and come winter, less cold (particularly with pockets in the house that are more susceptible to admitting cold drafts) gets in. In addition:
- Your home’s resale value is almost guaranteed to spike.
- Besides the long-term energy savings, short-term benefits can also be realized, such as very low maintenance with most materials (especially vinyl and fiber cement siding), and the improvement in curb appeal, which is a major selling point.
- On average, homeowners see a return on investment of 80-85% with new siding.
Cost-Efficient Vinyl Siding
If you’re looking for a gorgeous, yet extremely functional and efficient siding job, vinyl siding is your best bet. Modern vinyl is one of the most affordable, durable, longest-lasting materials out there. Maintenance is nearly effortless, with no need to ever paint, and the color won’t fade for decades.
Also, the cracking and chipping of inferior vinyls of yesteryear is nonexistent these days due to advances in manufacturing capabilities. Vinyl is available in virtually unlimited colors, grains, and styles. The only real downside is that vinyl is not quite as insulating as other materials such as concrete, clapboard wood, stucco, or cedar shingles.
Other Excellent Types of Siding
- Fiber cement can be ordered to appear like stucco, wood, or even masonry, and is easy to maintain. Fiber cement is, however, slightly more costly.
- Stone or stone veneer is extremely durable and weather-resistant and very insulating, though genuine stone siding is very expensive. Stone veneers are, naturally, less expensive but not quite as durable.
- Stucco is versatile, insulating, durable, and weather-resistant. Cost-wise, stucco is about a lower- to mid-range product. However, some siding contractors will offer synthetic stucco. From an insulation and durability standpoint, it’s best to avoid this.
- Real wood is second only to vinyl in popularity, due to wood’s natural beauty and insulating properties. While it’s among the more expensive types of siding to buy and install (it’s also pretty maintenance-intensive), other types of wood siding—like plywood siding shakes—are less costly and tend to require less maintenance than natural wood.
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Photos via Houzz