New vinyl siding can increase property value
If you think your home’s exterior could use a facelift, and you think you might put it up for sale in the future, a vinyl siding installation is a great investment. According to Remodeling’s report, the best choices for getting a good return on investment for home improvement projects were mostly exterior home renovations. Among the highest ranking of these home renovations included replacement front entry doors and garage doors, installing a wood deck and a siding replacement.
The return on investment of siding installation.
One of the most common questions homeowners ask before starting a home remodeling project is “will I get a return on my investment at resale?” If you plan on replacing your worn-out siding with new, attractive vinyl siding, the answer is yes. Learn more about improving resale value in this home improvement blog.
Reports show that a siding replacement will recover over 81% of it’s cost at resale. So, if you spend $15,000 on siding installation from reputable siding contractors, you can expect your home’s value to increase by about $11,500. That is a great return on investment for a home renovation, especially when compared to other upgrades.
Vinyl siding is a cost-effective option, increasing your ROI.
Vinyl siding is less expensive than other siding options. Though it is affordable, it does not look cheap. In fact, new vinyl siding comes in a wide range of styles and colours, some made to mimic the look of real wood siding. You can pick the colour that best suits your home’s design and appeals to a wide number of buyers. Siding companies can greatly improve your curb appeal, which gives the best first impression to potential buyers, without breaking the bank when you have Calgary siding contractors install it. If you’re not planning on selling your home right away, you’ll enjoy your house’s new look every time you come home!
You’ll save money on energy bills in the meantime.
If you’re replacing your siding, it’s a great time to add or replace exterior insulation to your home’s walls from the outside. This will create the best thermal barrier between your home’s indoor living spaces and the weather outside. You’ll save money on heating and cooling your home, year-round, and those savings can be added to the value of your exterior home upgrade. Energy efficient upgrades are also important to buyers, giving your home another good selling feature. Learn more about how a siding replacement can boost energy performance.