Why Vinyl Siding?

With many homeowners considering exterior home maintenance, the decision to paint or side is both confusing and frustrating. Consider that if the cost of painting your home is $1,500, over a 20 year period you'd spend $7,500:

If siding your home cost $12,000, subtract $7,500 (the cost of painting) and the REAL COST would be $4,500, much less than face value of the siding job.

According to surveys¹, approximately 90% of the vinyl siding cost will come back to the homeowner as an increase in their home's value (E.G. $12,000 X 90% = $10,800). Multiplied by an annual appreciation rate of 3% (very conservative) would be a $19,500 increase in the value of your home over a twenty year period!

When real cost is $4,500, that's $18.75 per month over a 20 year period. Not a bad investment to see a $19,500 increase in the value of your home. Add the benefits of not having to paint every 4-5 years and maintenance free Exteriors become even more attractive!

Another cost-saving benefit would be energy savings, when using a thermal backed vinyl siding, of up to 20%. These are some things to think about when considering home maintenance.
1) Refer to the Remodeling Magazine Cost vs. Value for your area.
Calculations for Your Home

Cost of painting:
Cost of vinyl siding:
Area rate of return: %
Annual APR: %

Energy News

The recent federal energy bill had two benefits for homeowners:

1. Homeowners can claim up to 10% of the cost of energy saving home-improvements, with a $500 maximum
2. Homeowners can claim up to $200 for new energy efficient windows.

Source: USA Today - Check with your tax professional for details.