If you are considering a home renovation but weighing the cost versus the long-term gains, you are not alone. Some candidates for home remodeling projects get cold feet because they fear that they’ll sell the home before seeing a return on investment. But, consider these facts:
But, here’s the best reason to not delay a home-remodeling project: you’ll recoup most of the cost when you do sell – whether it’s next year or in 2030. For example, a siding replacement recoups 75.6 percent of its investment because it increases average home resale value by more than $12,000.
Unlike the warranties for HVAC systems or granite countertops, some siding warranties can give you peace of mind for 50 years, like the LP® SmartSide® Siding 5/50 year limited warranty. It is longer and covers more than most fiber cement product warranties. LP® siding products offer five decades of protection against fungal degradation, buckling, cracking and more and the limited warranty also includes damage from hail (see warranty for details). In short, re-siding is one of the highest-value investments that a homeowner can make.
If you live or are looking to build a home in an area that’s vulnerable to seasonal hurricanes—Florida, the Gulf Coast or the Eastern Seaboard—your home’s ability to stand up to inclement weather should be a top concern, alongside wind damage to your siding.Continue Reading
The process of buying a house can seem daunting, especially for first-time homeowners. Even if you’ve been through it before, navigating the many steps and stakeholders can be challenging. But knowing what to expect during a home inspection and how to approach repairs can make a big difference.