Adding a new vinyl siding to your home can increase value by approximately 76.7% of the project cost, according to Remodeling Magazine. A key consideration is whether the coating you select will maintain that value after it has been subjected to Mother Nature or the neighbor's baseball. Remodeling Magazine has ranked another form of siding, fiber cement siding, as the best value home improvement option for five consecutive years. On average, the liner adds a 78 percent return on resale, and once installed, the replacement liner requires little maintenance and lasts up to twenty-five years.
On the front end, it makes financial sense to cover your old peeled wood siding with a cool, inexpensive vinyl siding. Since many homebuyers consider vinyl siding to be inferior, it can result in lower bids for your home if you choose to sell. Vinyl siding with foam backing or foam core allows the vinyl to lie flat against the house, creating a solid foam barrier that is less vulnerable to the impact of objects or the weather. The Occupational Safety and Health Administration (OSHA) maintains strict workplace exposure limits for employees in vinyl coating plants.
Once the old siding is removed, you have the opportunity to replace or add insulation and/or wrap the home before the new siding is lifted, increasing energy efficiency (which translates into real dollar savings on energy bills throughout the year). In addition, the superior appearance of vinyl siding with traditional and architectural colors will dramatically enhance the exterior appeal of your home. Since the effectiveness of vinyl siding depends on proper installation, poor quality work means even worse problems in the long run. The smooth surface of the vinyl coating means that dust, cobwebs and other debris slide off relatively easily when sprayed with a garden hose.
And according to a CNBC report, vinyl siding can recover up to 89% of its initial cost when it comes time to sell your home. Vinyl siding helps increase the value of a home by adding a fresh look, durability, low maintenance, and energy efficiency. Vinyl siding is a way to provide thermal protection to the outside of the house at a reasonable price, lightweight and virtually maintenance free. Remodeling Magazine's cost-versus-value report concluded that adding new vinyl siding will increase the value of your home by an average of 76.7%.
However, vinyl siding is typically installed over a layer of styrene insulation board, which can trap water vapor within the wall cavity. The studies are inconclusive as to whether applying vinyl siding to homes causes health problems for residents.