Can A Siding Replacement Boost The Value
Of Your Home In Northern New Jersey?
The Financial Benefits Of Using New, Quality
Products To Replace Your Existing Siding
There’s more than one reason for replacing the siding installed on your home. You may be primarily drawn by the chance to beautify your home or make it more weather-tight. However, when done well, siding replacement also has potential financial advantages.
How can you benefit financially from replacing your current siding? The aesthetic and practical improvements that come with new siding may also increase your property’s market value. Let’s take a closer look at how this is possible.
The Financial Value of Curb Appeal
High on the list of no-go features for most prospective buyers is worn-down or dingy siding. If someone purchases a house with siding issues, they have two unappealing choices.
First, they can pay for a new siding replacement themselves. Or alternatively, they can stick with the existing siding and suffer the visual and practical consequences. In both situations, the price they’re willing to pay for your house can drop substantially.
Things are much different for homes with plenty of curb appeal. Just as buyers are turned off by unattractive properties, they’re drawn toward aesthetically pleasing homes. As a result, they tend to pay more for them.
A lot of factors can make a home more attractive to potential buyers. Without a doubt, this includes a fresh, clean exterior clad in vinyl siding, fiber cement siding, or engineered wood siding. With any of these options in place, the value of your Northern New Jersey home can rise significantly.
Adding Value With Siding Options That Boost Function
While siding has aesthetic benefits, its main purpose is to protect your home from the elements. Over time, your siding can lose its ability to perform this essential function. This can happen if:
- Your home’s cladding is waterlogged or otherwise water-damaged
- Insect damage decreases the integrity of your siding
- Your siding cracks, warps, or buckles
If your cladding is in rough shape, you may find it much harder to sell your house. And if you do manage to sell it, you may get a lot less for it than you’d hoped.
Here, too, a replacement project can pay off in multiple ways. Not only do you get the protective benefits of new siding panels or boards while you still own your house – you can probably set a higher asking price if you ever decide to sell it.
How Much Value Can Replacement Siding Add?
How much value can a new siding installation add to your property? To answer this question, you must look at a couple of crucial figures.
First is the average cost of installing new siding. This cost is based on factors that include:
- The specific type of siding you choose
- That siding’s price per square foot
- The amount of siding you need
You must also consider the amount you can expect to get from selling your house after a siding replacement. The difference between these two figures represents your return on the investment of buying new siding for your home.
Studies show that this return is typically quite sizable. In fact, you can expect to make back most of your siding cost when you sell your house.
Until then, you can enjoy the daily benefits of your new siding. If you buy quality products and have them properly installed, these benefits don’t just last for a little while. Instead, you can count on enjoying them for as long as 50 years.
Make RJW Exteriors Your Siding Replacement Provider
To get the full value of replacement siding, you need to purchase superior products. You also need a top-notch installation of your chosen options.
At RJW Exteriors, we have decades of experience replacing siding on local homes. We also rely exclusively on products from top manufacturers like LP SmartSide and James Hardie. With our help, you can maximize the value of purchasing new siding.To get a free estimate on the cost of your replacement project, call RJW Exteriors today. We’re standing by to provide you with the region’s best services!
