How to Calculate Your Return on Investment For Siding

If you are thinking about investing in new siding for your North Carolina or South Carolina residence in the near future, there are a number of things you need to take into consideration before you make any purchases. There are dozens of different siding brands and styles on the market today, so if it’s been awhile since you bought exterior cladding, there’s no time like the present to do some extensive research.

One of the major factors you should consider — particularly if you don’t plan to live in your current home forever — is the return on investment different types of siding tend to have. While this can, of course, fluctuate some depending on where in the Carolinas you reside, ROI is typically similar in urban and rural areas, though city dwellers in Charlotte or Charleston, for instance, might pay more upfront.

Here, we take a look at the typical return on investment for popular siding options in the United States. 

  • Vinyl siding is estimated to provide homeowners with an 80% ROI.
  • Wood siding is estimated to provide homeowners with a 77% ROI (the more expensive the wood, the lower the ROI, however)
  • Stucco siding is estimated to provide homeowners with a 75% ROI.
  • Stone veneer siding is estimated to provide homeowners with a 95% ROI.
  • Natural/whole stone siding is estimated to provide homeowners with a 70% ROI.
  • Aluminum siding is estimated to provide homeowners with a 77% ROI.
  • Brick siding is estimated to provide homeowners with a 70% ROI.
  • Fiber cement siding is estimated to provide homeowners with a 77% ROI. 

Before you automatically decide to go with a stone veneer for your home renovation project because it has the highest return on investment, there are other factors you ought to take into consideration.

Think, for example, about the upfront cost of any type of stone — even veneer — compared to an option like vinyl siding or even aluminum siding. These materials are much less expensive, particularly if you only plan to stay in your house for a short time. 

The longer you intend to stay, the more money you might be able to justify spending on your upcoming remodeling job. If, for example, you don’t ever want to move and you are only 40-years-old, you might find that it is actually cheaper to invest in a more costly material like stone or brick now, rather than replace vinyl siding two or three more times over the course of your life.

Your budget also matters. You shouldn’t overspend on your renovation simply because a specific product’s ROI is generally higher than a less expensive option. 

Furthermore, depending on where you live in the Carolinas, your siding installation contractor might have some suggestions for what material you should choose. Coastal residents, for example, are often told to consider fiber cement siding because it is the most likely to withstand hurricanes. 

Contact the experts at Hatch Homes with any questions about your project. We are here to help and look forward to assisting you as you turn your Carolina house into the home of your dreams. 

More than just a contractor.

Hatch is your partner for exterior remodeling.

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