New siding can increase the value of your home exponentially, and it’s one of the easiest exterior upgrades to make. Whether you’re planning to list your home for sale or simply investing in upgrades to increase property value for the long term, new siding is a smart choice.
How much the new siding increases home value will depend on the type of siding you select, so it’s important to consider the options and choose a product with long-lasting potential. When you understand the ways in which new siding can increase your home value, it’s easier to see why durable, fiber cement siding with a classic style is the best bet.
Take a look at some of the benefits that new siding can offer, and get prepared to make a smart investment that will increase the value of your home.
Best Ways to Increase Home Value
There are lots of home improvements that have the potential to increase property value overall. Does a renovated kitchen increase home value? Yes. Does a new roof and siding increase home value more? Absolutely. The reason for this is because exterior renovations have an added advantage – they directly impact curb appeal. While an interior renovation, like a kitchen remodel, can be appealing to the home’s occupants, exterior renovations typically pull more weight when it comes to calculating property value.
Installing new siding to increase your home value is about much more than just good Not only do exterior renovations look great and protect the home, but they also boost curb appeal in a dramatic way and contribute to a more impactful first impression, which can raise the property value. Even from a distance, exterior renovations are noticeable – not just to the people living in the home, but also to passersby, neighbors, and community associations. This can have a bigger impact on home value.
So, how much does new siding increase home value? Realtor estimates suggest that buyers are willing to pay a whopping 7% more when a home has new siding on the exterior. That makes siding one of the smartest investments you can make!
Siding is Much More Than Aesthetics Alone
One of the benefits of getting new siding is that you have an abundance of choices when it comes to colors and styles. Whether you want something classic, like timeless white lap siding, or something more unique, like a bold green shake, installing new siding provides the opportunity to keep your home looking fresh and current.
looks. New siding plays another important role – protecting the home. The main purpose of siding is to provide an exterior layer that protects the structure from the elements, pests, and other threats coming from the outdoors. Water management is critical, as older siding products are susceptible to severe moisture damage, like rotting, leaking, and creating damp areas that spawn mold and mildew.
New siding protects the home from more serious damage. To get the biggest boost to property value, new siding should be durable, weather-, pest-, and fire-resistant, and easy to maintain. The more of these qualities that a product provides, the better chance you have of increasing your home value.
Make the Right Investment in New Siding
Not all siding products and materials offer the same increase to home value. Traditional materials, like wood and vinyl, are known to be more affordable initially, but they tend to have a weaker effect on home value. This is because they are susceptible to all sorts of damage, including rotting, staining, peeling, chipping, and cracking. They are also quite difficult to maintain.
Brick and steel siding can increase the value of your home, as both of these materials provide significant durability. However, these siding styles may not have as wide of an appeal as modern siding choices.
Fiber cement tends to offer the best of both worlds, because it is durable, long-lasting, and aesthetically appealing. It is sold in a wide range of designs, including lap, shake and stylish panels, so fiber cement siding offers exceptional versatility and design potential. New fiber cement siding can increase the value of your home by contributing to curb appeal and providing practical protection against the elements.
Allura Fiber Cement Siding Can Add Exceptional Value to Your Home
Smooth or textured? Wood grain or matte finish? Allura offers an abundance of styles and colors for you to design a new exterior exactly as you imagine. Whatever you have in mind for the finished look, Allura fiber cement siding can bring it to life – and keep it looking great for years to come. With the Spectrum® Finishing System, Allura siding has a flawless factory finish so you don’t need to worry about on-site painting.
In addition, the high-quality durability of Allura siding ensures that the home will be protected from everyday threats, like rain, humidity, sun exposure, and pests. Having this durable defense can provide a great boost to home value.
Ready to increase the value of your home with new siding? Contact the team at Allura today to get started!
