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OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®



2002 Cost vs. Value Report

Siding Replacement
If the exterior of a home is in bad condition, “that’s a negotiation item,” says Columbus, Ohio, salesperson and appraiser Mark Abbott of Mark W. Abbott Realty. If it’s in good shape, it’s not necessarily a selling point, but it’s not a stumbling block either.

Depending on the product and the color, new siding can change “the whole shell, the character of the house,” says San Antonio salesperson Pat Clay of Pat Clay, REALTORS®. New vinyl siding also signals low maintenance because no painting will be required, and a maintenance-free exterior is a big plus for busy homeowners today, Clay says.

The vinyl siding changeout in our project description costs $7,146 and brings back, on average, 79 percent, upon resale.

PROJECT DESCRIPTION

Replace 1,250 square feet of existing siding with new vinyl siding, including all trim.





Market       

Job
Cost

Resale
Value

Cost
Recouped

National Average

$7,146

$5,652

79%

  

Atlanta

6,374

4,009

63

  

Boston

8,708

3,786

43

  

Buffalo, N.Y.

6,652

5,300

80

  

Chicago

8,141

8,404

103

  

Cincinnati

6,746

4,250

63

  

Cleveland

7,111

5,680

80

  

Columbus, Ohio

6,452

4,119

64

  

Dallas

5,983

7,250

121

  

Denver

6,053

3,283

54

  

Detroit

7,073

3,931

56

  

Houston

6,728

3,440

51

  

Indianapolis

6,582

3,916

60

  

Kansas City, Mo.

7,113

3,625

51

  

Los Angeles area

8,325

10,709

129

  

Los Angeles

8,056

13,542

168

  

Orange County, Calif.

8,593

7,875

92

  

Miami

5,787

4,125

71

  

Milwaukee

7,583

5,414

71

  

Minneapolis

8,193

7,033

86

  

New Orleans

5,597

5,044

90

  

New York area

7,459

6,329

85

  

Passaic, N.J.

7,396

7,000

95

  

Nassau-Suffolk, N.Y.

8,166

6,033

74

  

Fairfield-New Haven, Conn.

6,814

5,954

87

  

Norfolk, Va.

 5,256

5,000

95

  

Orlando, Fla.

6,256

3,014

48

  

Philadelphia

7,486

6,498

87

  

Phoenix

7,105

3,250

46

  

Pittsburgh

7,185

4,875

68

  

Portland, Ore.

7,683

2,417

31

  

Providence, R.I.

7,248

3,600

50

  

Sacramento, Calif.

8,245

5,400

65

  

Salt Lake City

7,850

6,300

80

  

St. Louis

7,737

6,250

81

  

San Antonio

5,627

2,309

41

  

San Diego

8,281

6,000

72

  

San Francisco area

9,073

10,146

112

  

San Francisco

9,073

7,700

85

  

Oakland, Calif.

9,073

12,592

139

  

Seattle

8,052

5,438

68

  

Tampa, Fla.

7,015

13,629

194

  

Washington, D.C., area

5,967

4,816

81

  

Washington, D.C.

6,238

6,000

96

  

Baltimore

5,566

3,447

62

  

Richmond, Va.

6,096

5,000

82