Owning real estate is one of the most efficient ways that someone can increase their net worth. More specifically, you could choose to invest in rental properties and collect payments from tenants each month. Or, you can improve your own home so that you increase its value.

When choosing the latter option, adding siding to your home is one of the best methods that you can implement. On that note, if your home already has siding but it’s getting old or outdated then perhaps it is time to Replace Your Siding and effectively increase its value. So, how much does siding cost?

Let’s explore a few key factors that you will need to keep in mind when moving forward.

Cost of Labor

The first aspect of siding that you will need to consider is the cost of labor. When estimating how much it will cost to install, you should keep in mind that there is a handful of different types to choose from.

Common options include vinyl, wood, metal, fiber cement, and brick.

The one that you choose will depend on your preferences and budget, but both materials offer great benefits. For instance, vinyl is a low-maintenance choice that will keep your home insulated.

Fiber cement, on the other hand, is extremely durable and long-lasting.

You’ll also need to consider the size of your home. For example, if you have a small house with only one exterior wall made of wood, it will be easier and cheaper to replace. However, if you have to replace multiple exterior walls, you can expect the price tag to increase.

Don’t forget that there are hidden costs involved with siding.

For example, the need for trimming is often overlooked when determining how much it will cost to add siding to your home. Although some companies will include this service in their quote, others may charge extra for it or not offer it at all.

This is because doing so requires specialized tools and additional labor. It’s best for you to keep such hidden costs in mind and find out what they are before moving forward.

Cost of Materials

In addition to the labor required to install the home siding, you also need to consider the cost of the siding materials.

The amount that you will pay is dictated directly by the current price of the materials themselves. Like most other home improvement projects, you’ll find that siding costs vary depending on your geographical location and the company that you choose.

When you take the time to comparison shop and get multiple quotes, you will have a much easier time finding the best siding option for your specific needs and budget. Another key factor that can affect how much it costs to add siding is the style that you choose. For example, if you opt for a less traditional design, you can expect to pay a lot more.

In contrast, standard siding options such as conventional vinyl will be slightly less expensive.

How Can I Find the Right Contractor?

The best way to find a reputable siding contractor is by doing the proper amount of research. This means searching online to see how their past reviews are. You want to find a contractor with great reviews such as Perfect Exteriors of Minnesota and others.

You should also contact your local Better Business Bureau to see what complaints have been filed against them. Even if they do not fall under the BBB umbrella, you can still find consumer reviews on nearly all companies by searching online.

How Do I Know What Type of Siding I Should Use For My Home?

Interestingly, many people overlook the fact that it can be difficult to decide what type of siding pieces to use for your home.

Besides the price tag, you also need to think about other factors such as size and color. If you aren’t sure what siding will look best on your property, it’s best for you to hire a contractor that offers free consultations. They can help you narrow down your choices until you find the perfect fit.

The Cost to Remove Old Siding

While most people assume that it will be cheaper for them to replace their old siding, this isn’t always true. Sometimes, it actually costs more to remove the old material than it does to just purchase the new siding pieces.

For example, fiber cement is very thin and brittle. This means that removing it can cause a lot of damage to your home’s exterior walls.

Will My Insurance Cover Any Damages?

As you are making preparations for having your house siding replaced, you should also think about your insurance policy. For example, if the siding is damaged during the process, will your homeowner’s insurance cover it? If not, how much does it cost to purchase high-quality siding that will keep your home protected from damage?

Most homeowners’ insurance policies don’t cover any damages caused by the installation process. As a result, you need to make sure that your contractor is properly insured in case they break something when working on your property.

Finding reliable siding contractors to work with can be a very time-consuming task. However, if you do your homework and locate a reputable company, it will be well worth all the trouble.

So, How Much Does Siding Cost?

This is a difficult question to answer definitively due to all of the factors at play.

The main factors that can affect how much it costs to install siding are the brand of siding, the type of materials used, and labor rates. While it may be difficult to find out an exact amount for your specific situation, you should be able to get a fairly accurate estimate if you know where to look.

If you’re still wondering “how much does siding cost,” reach out to a reputable contractor to see what they have to say.

Looking for more articles that can help you? Check out the rest of our blog for plenty of useful information.

Jane