Does new vinyl siding really give you 88-93% ROI?

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Real Estate Agent with RE/MAX Unlimited Real Estate

I certainly hope so.

Today is the last stage of a home improvement on our house. We have new siding, new sliding class doors, added a window where an air conditioner used to be and new gutters. Being in this business, I have read so many articles about how these types of improvements positively affect the resale value of your home that I almost have the statistics memorized. We selected an uncommon style of siding (dutch lap siding) for our area and it looks different than others in our neighborhood making our home unique (for now).

The best reasons for making improvements to your home are still; the house looks great, is more energy efficient, a pleasure to live in and easy to maintain. The improvements cost twice the price of my first car so the ROI will be nice if and when we sell. With 1 child starting her sophomore year in college and 1 starting his senior year in high school, we won't be going anywhere for a while.    

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Pamela:

There are many factors to consider.  Nothing is absolute and nothing works in every situation.  There are some neighborhoods where vinyl siding on a house would take away from a home's value.

Sep 01, 2007 06:59 AM #1
Rainer
143,940
Christina Williams. REALTOR® TN property search & local insights
First Realty Company - Crossville, TN
Pamela... we have dutch lap siding as well.. Looks great.
Sep 01, 2007 07:06 AM #2
Rainer
202,276
James Gordon
Sibcy Cline Realtors® - Cincinnati, OH
REALTOR, PBD SFR SRS
Pamela sometimes unique is not better but with the selection of siding I think that it will look great.
Sep 01, 2007 08:22 AM #3
Rainer
8,174
Pamela Burdette-Miller
RE/MAX Unlimited Real Estate - Danbury, CT

Bill - Nice point, vinyl siding is still a positive choice in my area.

Christina - We have good taste : - )

James - I save the really crazy stuff for the inside; like paint and window treatments.

Sep 01, 2007 09:05 AM #4
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911,652
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate
Pam - Curious where you read that new siding gives you a ROI of 88-93%? I can't remember where I read it but though that the ROI for siding was much lower than that. In fact I remember it being similar to new windows as not having the best ROI?
Sep 01, 2007 09:43 AM #5
Rainer
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Pamela Burdette-Miller
RE/MAX Unlimited Real Estate - Danbury, CT
Bill: I was surprised at how high the ROI was for windows and siding. I was pleased because we also had new windows put in. I read it in an article published in Dec '06 and again in Jan '07 on RISMedia. I read about it in Realtor magazine also but can't put my hands on the issue right now.
Sep 01, 2007 10:22 AM #6
Rainer
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Timothy Schwartz
Century 21 Mack Morris Iris Lurie - Marlboro Twp, NJ
Pamela,  welcome to the group http://activerain.com/groups/wordoftheday.  Thanks for joining, have a great weekend.
Sep 21, 2007 06:36 PM #7
Rainer
8,174
Pamela Burdette-Miller
RE/MAX Unlimited Real Estate - Danbury, CT
Thanks Timothy, I am having a blast with my new community of professionals
Sep 27, 2007 08:29 AM #8
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Jim Crawford
RE/MAX Paramount Properties - Atlanta, GA
Jim Crawford Atlanta Realtor - Atlanta Real Estate
Over the years I've listened to many real estate agents talk about LP, Masonite, GP, synthetic stucco and replacing it.  I have never recommended it to any of our clients over the years.  However, it must look in tip top shape.  That means pressure washing, painting etc... We;ve always sold our listings at top price.  You must decide for yourself as opposed to looking at the charts where the return would be.  Vinyl siding is not a draw in Atlanta.  People do not like it.
Sep 27, 2007 08:37 AM #9
Rainer
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Pamela Burdette-Miller
RE/MAX Unlimited Real Estate - Danbury, CT
Thanks for a different perspective Jim. I went to a convention in Atlanta in March and liked the differences in home styles and appearances. I agree with you 100% on making decisions. We selected vinyl siding for the reasons I mentioned and didn't consider what or if it added any value to our home until the work was just about complete. Vinyl siding is becoming pretty popular here. Cedar shingle siding has become very expensive and more people are going for vinyl. Brick, stone, stucco and other masonry products are less popular her in CT.
Sep 27, 2007 09:32 AM #10
Rainer
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Shane Trotta
Trotta Appraisal & Consulting / Floor Plan Online - Guilford, CT
Where do these statistics really come from? In my opinion the ROI would differ in every market, be based on what you had prior to replacement, etc. No simple answer for ANY improvement.
Dec 26, 2007 06:08 PM #11
Rainer
8,174
Pamela Burdette-Miller
RE/MAX Unlimited Real Estate - Danbury, CT

I agree Shane. I have only been able to get statistics regionally. Any improvements are relative to the "before" state and the rest of the homes in the area.

Jan 03, 2008 07:43 PM #12
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Gerod

Just read your comments.

This question really need a lot more info but in a general sense the answer is no unless the paint is peeling off the house or the siding is in poor condition.

New vinyl siding maybe the cost of a good paint job in some areas though.

http://www.siding-seattle.com

siding seattle

Jan 11, 2010 12:52 AM #13
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Anonymous
Greg

If you really want to increase the value with Vinyl Siding. Do not nail it. Most installers do not nail the siding into the framing members per the V.S.I. installation instructions as well as they nail too tight or too loose. This is what causes vinyl siding to loosen and blow-off and become wavy. The other thing about vinyl as well as all types of siding they all leak and can cause mold, rot and decay behind the siding and most people will never know it until it is too late. Check out some of the links below to see the new technology that emerged to solve these hugh problems.

 

 

http://www.sidingmaster.com/mold_problems.shtml

http://sidingmaster.com/productinformation.shtml

http://www.sidingmaster.com/truth_aboutsiding.shtml

Apr 11, 2010 07:30 AM #14
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Greg

Go to sidingbroker.com and get up o 50% off off your siding because we eliminate the middleman.

http://www.youtube.com/watch?v=Xhppr8VPMYg

Jul 10, 2010 10:42 AM #15
Anonymous
Anonymous
House Siding

Its is a great for you and i like your this post, Be careful when choosing siding. Many inexpensive brands do not offer enough pure vinyl to prevent cracking or missing key elements needed to prevent discoloration. Vinyl siding offers a high quality system of higher substrate and is resistant to chipping, cracking, curl, fade, and strong winds. And you can take your brush when facing quality starts dull just clean it with a little soap and water to restore to the new.
http://www.myhouse-siding.com

Sep 14, 2011 11:34 PM #16
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