“This whole situation is turning into one of those nightmares you read about on Reddit,” Duane said. “My brother and I inherited a house here in the South Shore area. Which of course is nice, but the house needs a lot of work. I don’t want to get into details, but let’s just say a lot of necessary upkeep didn’t really happen over the years.”
“Obviously, we want to sell the house, split the money, and move on from this situation. We’re willing to spend a little bit to boost the price, but what to spend it on? ,” Duane continued. “Take vinyl siding, for example. Would having new siding installed increase the home’s value enough to make it worth it?”
Vinyl Siding: The ROI for Home Sellers
The National Association of Realtors estimates that home buyers are willing to pay up to 7% more for a home that has new siding on the exterior. This generally works out to between 65-80% of what you invested in having new siding installed. There are variable factors to consider, such as if people would be willing to consider the home at all if the exterior is not updated. Having vinyl siding installed is a quick and simple upgrade for most homes, and can boost both curb appeal and home value.
When choosing among the siding companies in the South Shore, you’ll want to prioritize those who can get the job done quickly and well. In situations where the entire purpose of the job is to boost the selling price, it’s best to choose colors with wide appeal. While Umber, Glacial Fog, and Olive are trendy right now, White, Beige, and Gray have proven to be the most popular over time.
The home’s exterior has a lot to do with how quickly a home sells, and what the final price of that home will be. In addition to siding the house, the condition of the garage and any outbuildings should be considered as candidates for improvement.
