Quality siding can improve your home’s appearance and protect it from the elements, but how much does siding cost? Compare the costs of wood, vinyl, and fiber cement siding, and discover which can lead to the biggest boost in resale value.
If you’re planning to replace the siding on your home, you’ve likely considered the advantages of vinyl and fiber cement over traditional wood. These synthetic materials offer superior protection against moisture, insects, and weather, and they also cost less than cedar and other wood siding materials. Keep reading to learn about the total siding cost associated with both types of siding.
Vinyl Siding Cost
Depending on the type of vinyl used, this type of siding costs generally range from $3 to $7 per square foot. This estimate does not include labor costs, which can substantially increase the price. According to the Hanley Wood Remodeling Cost Versus Value report, the national average cost for replacing vinyl siding was $10,607. The report showed that approximately 80 percent of this initial investment was recouped by owners when they sold their home.
If you’re not sure about your home’s surface area or the type of vinyl siding that is best, contact a vinyl siding contractor (or two) for an estimate.
Fiber Cement Cost
Cement fiber siding is slightly more expensive than vinyl, but it has also been shown to yield a higher return on investment. The Hanley Wood report found that the average cost for replacing fiber cement was $13,359 nationwide, with an approximate 83 percent return on investment. Remodeling Magazine also recently named fiber cement one of the top remodeling projects for increasing resale value.
Return on investment coupled with the durability of this type of siding can make the material an easy choice for many homeowners. If you think your home could benefit from new siding, contact a fiber cement contractor for an estimate.
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