When you’re planning to re-sell or rent your property this 2020, you want to make sure your would-be buyers or tenants have all the reason to pay you more for the property. However, most home seller’s ideas aren’t too keen when it comes to this. For example, most think that adding a new bathroom, remodeling a bedroom, or refurbishing a kitchen guarantees higher property value. Unfortunately, these can make your property too out of reach pricewise for the common homebuyer.
Targeting the homebuyer with enough income to buy and return your property improvement investments is always paramount. However, majority of the buying population might have less income. So, most will turn to roof replacements or revivals — which, as a reputable Calgary AB roofing and siding contractor— we highly agree will help increase roof value.
But property siding is one of the most overlooked yet easily seen improvements you can apply to your home. Sometimes, cleaning your siding won’t guarantee improved curb appeal. In addition, it won’t survive with your other property improvements once you sell your home — and that can affect your reputation as a home seller.
Homelight sheds some light as to how new siding can increase home value. You can read more about it below.
The siding of your home has two big jobs: look gorgeous, and act as a protective fortress.
Siding guards your home against pests, water, fire, and other damages caused by vulnerability to the great outdoors. Improper or damaged siding can lead to mold, deterioration of walls, high energy costs, and issues with your home’s structural integrity.
Aside from these core functions, siding contributes to the overall curb appeal of a home––which is crucial when it comes time to sell. In fact, 99% of Realtors believe curb appeal is important in attracting a buyer, according to the National Association of Realtors’ 2018 Remodeling Impact Report.
When recent home buyers were asked what was most important to them, 29% chose windows, doors, and siding installation. If your siding has seen better days, fix it up to attract more buyers and increase your home’s value. (Continued)
In 2012, Business Insider has seen how many homes that replaced their exterior siding saw increased interest in their properties. Seven years after, we believe it is still efficient after seeing many of our clients find success with improved property values and sales. Read more about their perspective from way back that supports the idea that siding is an important value-adding asset for improved property sales.
Replacing siding is one of the most inexpensive ways to improve the appearance of a home’s exterior and at an average of $10,000 for the entirety of the project, the remodel can help to make a home’s exterior look virtually brand new. Additionally, homeowners have the option of installing foam backing to vinyl siding, which adds durability and saves money overtime from homeowners due to increased insulation.
Remodeling Magazine has ranked another form of siding, fiber cement siding, as the best value home improvement option for five years in a row. On average, siding adds a 78 percent return at resale and once installed, replacement siding requires little maintenance and lasts for up to twenty-five years. (Continued)
Now that you’re convinced that siding is one of the most important things to upgrade your property’s value, make sure you’re aware of some of its pitfalls. However, keep in mind that The Spruce‘s perspective is only against vinyl siding — wooden or brick veneers that generate higher property values use more organic and environmentally-friendly procedures. Nonetheless, read more about vinyl siding’s pitfalls below.
Manufacturing Is Really Bad for the Environment
Although manufacturers tout siding as a great way to earn LEED points, the US Green Building Council actually declined to support a credit specific to vinyl use. Vinyl siding is primarily composed of polyvinyl chloride (PVC), and the manufacturing process produces greenhouse gases such as nitrogen oxide and carcinogens including dioxin. Another by-product of vinyl siding manufacture is sulfur dioxide, which causes acid rain and smog. Not to mention, this process requires vast amounts of electricity.
Obviously, working around all these chemicals can be dangerous. The Occupational Safety and Health Administration (OSHA) maintains strict workplace exposure limits for employees in vinyl siding plants. Also keep in mind that as vinyl siding ages, it continues to releases low levels of the same harmful chemicals that were produced during the manufacturing process. And people install this stuff on their houses? Studies are inconclusive as to whether this causes health problems for residents; however, if your house catches fire, the siding will release high levels of lethal chemical vapors. Many people die from these fumes in house fires before succumbing to smoke inhalation.
Manufacturers brag that high quality siding lasts about 20 to 30 years. However, depending on your climate, siding could look worse-for-the-wear at around 10 to 15 years. The color fades and the planks become dirty. Painting is a poor option, since it will likely peel and crack after a short time, and pressure washing could be disastrous if water enters your house through cracks and crevices around the siding. Siding planks often split or break due to the expansion and contraction caused by temperature changes, and if your lawnmower sends a rock flying at your house, it will cause quite a bit of surface damage to the siding. It can’t be patched; the entire plank must be replaced.
Where does that scrap siding end up? A landfill. (Continued)
If you’re decided to replace your existing siding with new material that can increase its property value, make sure you’re working with the best roofers and siding installation company in Calgary AB. No Payne Roofing is the go-to roofer and home improvement contractor for properties across Calgary, Alberta. Learn more about all that we can do for you by contacting us today!