CAN INSTALLING NEW VINYL SIDING INCREASE THE VALUE OF MY HOME?
Nov 14, 2013RESIDING YOUR HOME IS THE MOST PROFITABLE HOME RENOVATION
Installing new vinyl siding can absolutely increase your home’s value! According to CNNmoney.com, homeowners are getting a lot less bang for their remodeling bucks than they did a few years ago. From a sales perspective, remodeling kitchens and bathrooms are the most likely to help you sell your home, but from an investment perspective, kitchens and baths aren’t necessarily the best home improvement bang for your buck.
A Harvard University study estimates that Americans spend an average of $160 billion for home remodeling projects each year. A year ago, many remodeling jobs returned 80 percent of their cost or more when the owner sold the house, but those numbers are changing.
Some of the most profitable renovations, such as an upscale vinyl residing, actually paid off more – 103.6 percent – more than they cost. In the Middle Atlantic States, vinyl siding replacement returns 92.3 percent of its cost, well above the national average of 87.2 percent, while in the Southwest the same job returns just 80.9 percent of the cost. That makes residing your home the most profitable home renovation.
The least profitable renovation – a home office remodel, which only recoups only 63.4 percent of its cost. Trim A Seal of Indiana has been a home improvement leader and a licensed window and siding contractor in Northern Indiana since 1950. We offer Varigrain and Timber Oak Vinyl Siding by Variform in dozens of stylish colors.
Be sure to ask about our Low Price Guarantee. Call today for a free estimate on your next project 1-800-217-6355.
Window and Vinyl Siding Contractor in Huntington, South Bend, Gary, Fort Wayne, Mishawaka, Crown Point, Valparaiso, Hammond, Munster, Merrillville, Highland, Naperville, Warsaw, Portage, Griffith, St. John, Portage, Chesterton, Hobart, Schererville, East Chicago, Leroy, Huntington, La Porte, Hebron, Granger, Munster, Notre Dame, Milford areas of Northwest Indiana.