Although there are a few home improvement projects that do have a return on investment over 100%, those projects are few and far between. The ROI of siding replacement is not one that has a high return, although it’s better than average. In today’s blog we’re again using the 2024 Cost vs. Value report for the greater Greensboro area.
Return on Investment for Vinyl Siding
Vinyl siding is the most popular replacement siding material. It’s the most popular because it’s the most affordable and it’s what most people know. On a home of average size in the Winston-Salem/Greensboro area you’ll spend around $15,000 for new vinyl siding. According to the 2024 Cost vs. Value report, you’ll recoup about 75% of your investment.
Return on Investment for Fiber-Cement Siding
Fiber cement siding is more expensive than vinyl. Plan on spending closer to $20,000 when you replace your old siding with fiber cement. However, with that greater investment comes a significantly higher ROI of siding replacement at nearly 92%.
Which is Best?
You’ll want to consider a variety of factors before deciding between fiber cement and vinyl siding. For most homeowners, budget is first. After that you’ll want to look at the homes in your neighborhood. Is one product a better option based on comparable homes? If you are selling in the near future, talk to your Realtor® about their recommendations and which product they think will give you a better ROI for your siding replacement. Finally, talk to your homeowner’s insurance company. Many give discounts for fiber cement siding which could help reduce the difference in cost between the two materials.
Looking for a Free Quote for New Siding? Call Cooley Roofing
We’re more than just a roofing company. Our experienced teams can replace siding, roofing, gutters and windows. Whether you know what material you want or are looking for us to price out both, we’re happy to help. Call Cooley Roofing at (336) 766-6488 or fill out our contact form. If you have an insurance claim, we can help – we offer financing too!
