Does Vinyl Siding Reduce Home Value

Vinyl siding is a great way to not only make a huge impact on the appearance of a home but also increase its overall value.

Does vinyl siding reduce home value.

If your home is historically significant vinyl siding can devastate your home s value. Value report a midsize vinyl siding remodel will increase your home s value by 78 2 percent of the project s cost. Vinyl siding may lower your home s value. The report estimates that a.

Siding does increase home value. According to remodeling magazine s 2014 cost vs. With upgraded siding you enhance your curb appeal which will bring more buyers through the door. But when choosing among different materials you may have wondered does luxury vinyl plank increase home value the answer is a resounding yes due to its affordable price point and added benefits of versatility gorgeous new looks and water resistance.

On the front end it does make financial sense to cover your old peeling wood siding with fresh inexpensive vinyl siding. Vinyl siding has created quite a tempest in the world of construction. There are a number of studies that confirm this for full story click link below fires become deadlier on homes with vinyl siding study shows. Any fire department will tell you that a fire in the home becomes deadlier for any home with vinyl siding on it.

However this addition can lower its value. While the wood vinyl floors are beautiful and often difficult to distinguish from real hardwood in. Only natural stone which is the most expensive siding option rivals it. Others in the industry claim vinyl siding cheapens the look of your home and lowers it s value.

As vinyl siding can devalue the home in a number of ways. Worn cracked discolored siding will turn buyers away and could lower your home s value in an appraisal. Siding is made to last many things around the house require constant upkeep. Re siding with vinyl is estimated to increase your home s value by 78 2 of the project s cost.

For a mid sized project valued at 15 072 you can recoup 11 554. 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. Find out why below. Only natural stone which is the most expensive siding option rivals it.

The oh so pretty. Brand new or damaged siding can drastically affect your home s value. Value report replacing siding increases home value by 76 7 of the project cost.