Is Siding a Good Investment?

Is Siding a Good Investment?

Many people tend to postpone home renovations over concerns about the cost of completion. Before beginning a renovation project, it’s important to feel confident in your home’s investments and understand the benefits that they will bring to you and your family. You may be wondering, is siding a good investment for your home? Below we’ll explain more about siding and why you should consider siding replacement as your next home renovation. 

What Is Siding? 

Siding is a protective material that safeguards your home from extreme weather. In the Mid-Atlantic, a rough winter season can cause damage to your home, especially if your siding needs to be replaced. In addition to defending against natural elements, siding also helps boost the aesthetic appeal of your house.  

A Brief History of Siding 

Colonial homes built in the 18th and 19th centuries had siding made of stone, brick, and wood. New homes in the United Stated that were built in the early 20th century used aluminum siding. However, by the late 1950s, vinyl siding became the standard. 

The ability to choose from a variety of colors and styles, paired with increased durability, made vinyl a popular choice from many new construction and renovation projects. Fast-forward to the 21st century, and homeowners now have a diverse range of siding materials to choose from. However, vinyl remains the most popular type of siding for new homes. 

Is Siding a Good Investment? 

Siding offers many benefits to homeowners. One of the most important is that it helps to reduce the risk of structural damage. Overexposure to sunlight and freezing temperatures can cause cracks to form. Even if these cracks are hard to see, they can create holes for rain and moisture to seep into your home, causing mold growth. Siding lasts on average 20 to 40 years. If you live in an older home in the Mid-Atlantic and haven’t replaced your siding, it’s definitely something you should consider doing sooner rather than later. 

Benefits of Siding 

Increase the Value of Your Home 

New siding is a great way to give your home an instant makeover. While the temporary aesthetic appeal might not be enough to justify the investment, remember that home improvements also boost your property value. Studies show that the return of investment on vinyl siding is quite high, with an approximate ROI of between 70 to 80 percent. 

Increase Energy Efficiency  

We’ve yet to meet a client who isn’t at least somewhat interested in saving money on their utility bills. Vinyl siding, in particular, is a great way to do this. After old siding is removed, it’s easy to add additional insulation to your home. Effective insulation can help reduce energy costs year-round. 

The Best Siding for Mid-Atlantic Homes 

While there are many types of siding available, we suggest using vinyl siding for your home. Vinyl siding is a low-maintenance solution and never needs to be painted. Many leading home improvement companies offer vinyl siding in an assortment of styles and colors, designed to effortlessly complement your home. 

At Thompson Creek, we ensure the highest quality. Our siding is moisture resistant and takes between two to three days to install. We offer all of our prospective clients a free estimate to examine your home, make a recommendation, and provide a free estimate. We’ve also compiled this guide to help you get a better understanding of different siding styles. Contact us today to get started on your siding replacement project.