Replacing the siding on your house is not cheap. However, it can dramatically improve the look of your home. Plus, it can be a great investment. According to the National Association of REALTORS®, you can recover 75-to-88 percent of the cost of siding replacement when you sell your home. There are a few important cost considerations to keep in mind before diving into your siding project.
TL;DR (Too Long; Didn't Read)
The cost to remove old siding on your home can range anywhere from $1,000 to $3,000, but installing new siding can range from $6,000 to $23,000 depending on the material you choose and who you hire.
Cost Factors to Consider
The cost of replacing siding will vary, depending on several factors. First, think about the size, shape and location of your home. Materials and labor for siding are priced by the square foot. The larger your house, the more you'll pay to have your siding replaced. If your home has a unique shape such as a turret, it will likely require more detailed work and cost you more for installation. Your geographic area will also affect the cost of replacing your siding.
The more expensive your region, the more you can expect to pay. Next, you should consider the cost of materials, which can vary greatly depending on quality. Vinyl siding is the most popular material and it is relatively cheap, costing an average of $2-to-$7 per square foot including installation. Meanwhile, a synthetic stone will set you back an average of $12-to-$25 per square foot including installation. Finally, consider the cost of removing and disposing of your old siding.
Cost of Removing Old Siding
Before installing your new siding, you need to remove the old siding. This isn’t a huge cost but can add up to $1,000-to-$3,000 for an average-sized home. Some experts suggest that removing old siding will add about 5 percent to your overall project cost. Keep this expense in mind when budgeting for new siding. If you’re trying to figure out how much removing your siding will cost you, Homewyse has a handy calculator that estimates prices in your zip code.
Cost of New Siding and Installation
The cost of siding and installation varies greatly depending on where you live, the size of your home, what siding material you choose and who you hire to do the work. For cheaper siding materials such as vinyl and engineered wood siding, you can expect to pay $6,000-to-$13,000 for installation on an average-sized home. For more expensive materials such as wood, fiber cement and stucco, you should expect to pay $12,000-to-$23,000 for installation on an average-sized home. To estimate siding replacement costs in your area, you can use the Homewyse pricing calculator or try HomeAdvisor’s cost estimator tool.
Chelsea Levinson earned her B.S. in Business from Fordham University and her J.D. from Cardozo. She has been writing professionally for more than ten years. She has created personal finance content for Bank of America, H&R Block, Huffington Post and more.