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Does Siding Increase Home Value? What Sellers Need to Know

As a home seller, you may be focusing on tidying up and fixing the interior of your home. However, improving your curb appeal can also boost your home value. Have you considered repairing your home’s siding? Here’s everything you need to know before investing in new siding for your house.
As a home seller, you may be focusing on tidying up and fixing the interior of your home. However, improving your curb appeal can also boost your home value. Have you considered repairing your home’s siding? Here’s everything you need to know before investing in new siding for your house.

You may think to improve your curb appeal you only need to mow your lawn and trim your trees, and hedges. However, repairing your home’s siding is another way to boost your property’s curb appeal.

Siding is the material that protects the outside of the walls of a home or building. Weather, wind, animals, leaks, and other issues can cause it to go bad. Home sellers always try to limit their expenses before selling their home, but you shouldn’t get stingy when it comes to your home’s siding.

Believe it or not, it can put a dent in your home selling profits. Not maintaining or repairing it can increase your utility bills, promote mold growth, increase your home’s vulnerability to water, and storm damage.

Before pulling the trigger and hiring a contractor, you should check the condition of the siding on your home. Consider replacing it if you find cracked panels, mold, holes, moisture, or other damages. These signs will vary depending on the year your home was built and the building materials.

You may be hesitant to invest in a home you plan to sell, but smart repairs can go a long way. We’ll discuss the pros and cons of replacing your property’s siding before selling it so you make an informed decision.

Pros and Cons of Replacing Your Home’s Siding

While it may not come cheap, replacing the siding on your home might be the right call if you want to secure the best offer. The top benefits of installing new siding are lowering your utility bills, protecting your home from potential damage, and boosting your property’s value. Typical cons include the cost, the time-consuming nature, and the possibility of delays to your home sale.

At a national level, installing new siding costs between $5,000 and $14,500. However, the building materials and your location will ultimately determine how much you can get out of your project.

Each type of siding has its pros and cons when it comes to pricing, durability, and return on investment. Here are the top four types of siding you may consider to boost your potential home selling profits.

Vinyl

This material is one of the most popular in siding projects. It’s a great option if you’re working on a budget. It comes in a wide variety of colors to easily customize your home.

Vinyl is affordable and protects your home from termites. Contrarily, its downsides are hail damage, color fading, and inability to repair if damaged. The last is the biggest con of using this material since you would have to redo your siding if it was damaged again instead of fixing a panel.

On average, using this material for a siding project costs between $5,700 and $14,500. This building material gives you an upper hand when it comes to recovering your investment.

Fiber Cement

If your budget isn’t too tight, fiber cement may be the best choice for your project. This material is a mixture of cement, sand, and wood.

While it isn’t as cheap as vinyl, its cost is a top advantage of using this material in your project. Its durability, variety of colors, and insect protection are other pros of fiber cement. In contrast, its propensity to hold moisture and installation cost are the biggest cons of this material.

Nationally, installing fiber cement siding costs on average between $5,500 and $18,000. Choosing this material for your project can help you boost your home selling profits even more than using vinyl.

Brick and Stone

Brick and stone are different when it comes to cost and curb appeal, but both materials have the same pros and cons. Both types of siding are popular in recent and old constructions.

The biggest advantages of choosing these materials are their durability, appearance, low maintenance, and fire and weather resistance. Their cost, installation process, weight, and replacement difficulty are the top disadvantages of these materials.

Brick wins the game against stone when it comes to cost. The former may cost you between $6 and $10 per square foot while the latter typically costs between $35 and $50 per square foot. Using these materials in your project will cost you more than the others listed, but it’s considered a high-end feature and they’ll refresh your home’s look.

Maybe it’s time to replace or fix your siding, but is it worth it? A local real estate agent can provide insight into what sells a home in your market and the potential return on investment of replacing the siding on your home. When you work with a Clever Partner Agent, you can boost your home selling profits and save on realtor fees.

Our agents have agreed to provide a full-service experience at a discounted commission rate. Partner Agents will only charge you a $3,000 flat fee or 1% if your home is sold for more than $350,000. Contact Clever to get connected with a local real estate expert for insight into the potential return on investment of your siding project and home selling process.

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Andrew Schmeerbauch

Andrew Schmeerbauch is the Director of Marketing at Clever Real Estate, the free online service that connects you top agents to save on commission. His focus is educating home buyers and sellers on navigating the complex world of real estate with confidence and ease. Andrew has worked on projects for the United Nations and USC and has a particular passion for investing and finance. Andrew's writing has been featured in Mashvisor, L&T, Ideal REI, and Rentometer.

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