Can Replacing the Siding of a Home Impact Its Resale Value?



Homeowners these days are consistently looking for new ways to add to the resale value of their homes or increase curb appeal and accelerate the sale process. As a realtor, you may find yourself working with clients who are ready to sell their homes but want to know if any renovations or repairs would significantly help their chances with prospective buyers. Being able to offer supportive recommendations and insights on this subject can help you to serve your clients more effectively.

There are plenty of renovations or improvements that can add value to a home. Among the most popular are kitchen renovations, bathroom additions, and other sweeping add-ons and remodels. Because the kitchen is viewed by many modern real estate experts as the most important room in the house, anything that can add extra appeal to a kitchen can boost a home’s value. Adding an extra bathroom, meanwhile, can significantly broaden the target market for a house by making it more workable and livable for bigger families.

27602591075_a2f428816d_b

There are a few issues with these types of improvements. First, both are largely interior, so they don’t affect the curb appeal of a home. Second, both are undeniably costly. Kitchens and bathrooms are loaded with pricey fixtures, flooring, countertops, and cabinets, and that’s before you even think about kitchen appliances. In other words, while kitchen renovations and extra bathrooms can add a lot of value to a house, they aren’t necessarily the investments that sellers are going to want to make right before they put their homes on the market.

Siding: An Affordable Way to Add Value and Curb Appeal

Replacing the siding on a home can be a good compromise for sellers who want to boost the value and curb appeal of their property but don’t want to spend too much or tear up their interior to do so. The benefits of siding replacements are numerous. It’s exterior, so it can help grab the attention of anyone who spots the “For Sale” sign when driving past a house. Recoup rates for siding replacements tend to fall in the 70% to 80% range for popular siding options like vinyl and fiber cement.

Replacing the siding on a home can also help to improve insulation so the home maintains its temperature more efficiently. As a result, homeowners will use less energy and spend less money to heat their homes in the winter or cool them during the summer. That’s another potential draw for buyers and a bonus for sellers while they reside in the residence.

These benefits can combine to create an optimal upgrade for homeowners. Because siding is an exterior improvement, it can draw more eyes and improve the home’s chances of selling quickly at asking price. The recoup rates for siding replacements are all formidable for an improvement that is already cost effective, and homeowners can even save money on energy bills while they wait for their house to sell.

Another great thing about siding is that there are a lot of modern options to consider. Vinyl, aluminum, wood, fiber cement, and brick are all options worth considering. Vinyl in particular is a siding material that is available in a wide variety of colors and styles. By replacing their siding, a homeowner can give their house the exact look they want without a massive renovation. Even better, they can match the home to the aesthetic of other houses in their neighborhood or even the style of an area that recently sold homes at or above asking price.

Finding the Right Siding Company

Replacing the siding on a home may not be the costliest renovation, but to secure maximum curb appeal and ownership advantages, siding needs to be installed by a trusted company with a reputation for strong workmanship and a reliable eye for detail. Working with an established business like St. Louis Gutter & Siding, Inc. can help your clients achieve everything they want with their new siding.

As the realtor, it’s a good idea for you to have a few businesses in mind that do siding and exterior renovation work in your area. That way, if a client asks for advice about an affordable but effective home improvement strategy, you can give them tips on both what to do and who to call.

Photo Credit: habitateco via Compfight cc