Siding Tops the List of Home Improvements with Highest Resale Value

From on July 13, 2011 in Siding

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When you’re looking to renovate your home, what gets priority? What brings the greatest return on investment?

Studies show that if you need to boost your curb appeal and overall home value, replacing your siding is the way to do it.

Why Replace Your Siding?

With an average 72-80% return, siding installations recently topped the list of home improvements that generate the highest resale value.

Not only does quality-installed-and-maintained siding keep a home in optimal condition (warding off mold, bugs, water damage, and extreme drafts), it can makeover your exterior and improve its curb appeal immediately.

Both of these benefits will make a huge difference when it’s time to sell your home.

To check rates for siding installation in your area, click here.

If you’re on the fence about new siding, think about it this way. When looking for a new home, most people want the property to be move-in ready.

Potential buyers don’t want to think of investing in a mortgage and replacing siding in a few short years. Siding is an investment that largely pays for itself down the road.

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More Projects to Consider

What’s more, siding improvements fall into the same high-return category as simply replacing an old garage door, of which 84% can be recouped, or an entry door, which can bring back 102% of the money you spent.

Though all returns on investments are down from one year ago, these kinds of structural and exterior improvements create a ready-to-go home and are still at the top of the list.

And while some projects can seem beneficial but actually don’t increase your home’s value significantly, replacing siding is a cosmetic as well as structural improvement that is a no-brainer to choose.

Home Improvements to Avoid

Stay clear of projects like over-the-top kitchen and bath remodels (though minor kitchen improvements in the Seattle area, for instance, bring a return of almost 70%).

Sunrooms and home offices also offer the worst return on investments. In fact, no other improvement is as beneficial right now as siding replacements. A siding installation is far superior to other renovations.

The great news is that, once you’ve decided to replace your siding, you’ll have a plethora of choices in materials and sourcing.

The simplest way to get started is to find a contractor for price quotes. Click here to check out our database of great contractors in your area.

And more good news: quality replacements on siding will improve your home’s condition—and won’t need to be replaced again for many, many, many years.

Consider starting now—in the sunny summer months—to revolutionize the look of your home.

For more, see Top Siding Types for Cost-Effectiveness.