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New Vinyl Siding: Worth the Investment?

Jul 25, 2020 by Maurie Backman

Your home's exterior is the first thing visitors are apt to notice, so you'll want it to look nice -- especially if you're thinking of putting your home on the market in the near future. Similarly, if you're flipping a house, you should make sure it looks appealing on the outside, or you might struggle to find a buyer. And that's where vinyl siding comes in.

What is vinyl siding?

Vinyl siding is a durable form of plastic that's used as an exterior covering for homes. Whereas some homes have a brick exterior, others have siding.

Vinyl isn't the only siding material you can choose from. There's also metal, fiber cement, and wood. But vinyl has a number of advantages.

First, it's less expensive than other siding choices. Secondly, it comes in an array of colors, which means you can choose the shade that best suits your style. And also, you won't have to worry about painting your siding.

Vinyl siding is also fairly easy to maintain. Generally, you can spray it down with a regular garden hose when it gets dirty and call it a day, though you may need to pressure-wash your siding once a year to get out deep-set muck and grime.

What does vinyl siding cost?

The cost of vinyl siding will depend on the size of your home and whether you're able to install it yourself versus hiring a contractor for the job. The average cost to install new vinyl siding is $15,800, according to the National Association of Realtors, and the average amount recouped is $10,000, representing a 63% recovery. Though that's not a terrible return on investment when it comes to home improvements, it's also not nearly as high a return as you might get for other renovations.

That said, there are reasons to install vinyl siding outside of money. New siding can make your home look nicer, which means you'll take more pride in ownership. In fact, 64% of homeowners who have put in new vinyl siding say that they have an increased sense of enjoyment when they're home because of it.

Is vinyl siding worth it?

Vinyl siding is a classic choice when it comes to your home's exterior, and since it's durable and relatively low maintenance, you won't spend a lot on it once it's installed. That said, extreme weather conditions could cause your vinyl siding to warp or buckle, so at times, maintenance may be required.

Also, with vinyl siding, proper installation is key. If you don't put that siding in correctly, it won't repel water the way it needs to, resulting in leaks, rot, and other unpleasant consequences.

Finally, many homes throughout the country have vinyl siding, and while that speaks to its popularity, it also means vinyl siding won't help your home stand out. If you're improving or flipping a home in a high-end neighborhood, you may want to opt for a brick or stone exterior, despite the higher cost.

Ultimately, vinyl siding can be a solid investment in your home, and it's an affordable choice to boot. Even if you don't recoup the full amount you spend on it, it may still be a worthwhile improvement.

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