Does Vinyl Siding Decrease Home Value

The exterior of a home plays a huge part in the interest of potential buyers.

Does vinyl siding decrease home value.

However this addition can lower its value. According to remodeling magazine s 2018 cost vs. Vinyl planks and tiles cost about 5 per square foot but homeowners typically can install those themselves. Many things around the house require constant upkeep.

Siding is made to last. Vinyl siding is one of the most common exterior materials for homes. The exterior is usually the first thing potential buyers see and the color of the exterior can play a big part in driving their emotions. Re siding with vinyl is estimated to increase your home s value by 78 2 of the project s cost.

Others in the industry claim vinyl siding cheapens the look of your home and lowers it s value. The upside is the variety of choices in style color manufacturers and price which can be on lower end if you install the typical 4. On the front end it does make financial sense to cover your old peeling wood siding with fresh inexpensive vinyl siding. Luckily your home value isn t fixed at the normal rate of appreciation.

The resale values for siding replacement have held steady. While some in the building trades hail this type of siding as the best invention since the wheel and point out it s many advantages such as low cost low maintenance and durability. Vinyl siding is an additional exterior to your home that provides protection insulation and style. But does it really increase home value.

So how does the siding or exterior color of your home affect its resale value. In other words the client has a tough decision to make. Michael moloney shutterstock vinyl. Although it won t boost your home s value as well as true wood flooring because it s not as durable sheets of vinyl flooring only cost from 0 75 to 4 per square foot plus installation and can last from 10 20 years.

Vinyl siding may lower your home s value. Vinyl siding has created quite a tempest in the world of construction. Dust reappears every week on the furniture the grass is always growing back on the lawn and laundry has a. Over a quarter of the homes built in 2017 had vinyl siding according to the us census bureau s 2017 characteristics of new housing.

There are many steps you can take to increase the value of your home in a significant way and today we re sharing our favorite one vinyl siding. If your home is historically significant vinyl siding can devastate your home s value. Although vinyl siding is still a bit more of an initial investment than even our systems folks looking to weigh the pros and cons of our paint systems vs. Vinyl siding are certainly tempted with the notion that they would never in theory have to do anything to their home s exterior again after it is vinyl sided.

Find out why below. Value report replacing siding increases home value by 76 7 of the project cost.