Home ownership can be one of the soundest financial investments that most people ever make. In addition to the pride and comfort that home ownership brings, it also provides a stable, secure financial asset, growing equity, tax benefits, and more.
But in order to maximize this investment, you need to make sure that the value of your home increases steadily over time. Sure, it’s possible that the real estate market will work out in your favor when it comes time to sell, but a more surefire (and responsible) way to ensure a good return on your home is through simple home improvements.
Finishing a basement, adding an outdoor deck, installing hardwood floors, or remodeling a kitchen are all popular home improvement projects, but can be costly, time-consuming, and ultimately not worth the investment. One obvious, but too often overlooked home improvement is new siding.
Replacing your home’s siding is a relatively cheap, easy way to increase your home’s resale value. New siding offers an impressive 89% return on investment (ROI), according to ISoldMyHouse.com. Compare that to a 79% ROI for a refinished basement, 75% for a roof replacement, or only 73% ROI for a new deck.
New, improved siding can also offer benefits like increased energy efficiency and moisture protection, keeping rainwater from seeping into your home and causing costly structural damage. If the harm is already done, the installation process can reveal hidden structural damage that may otherwise have gone unnoticed until it was too late.
Of course, one benefit of new home siding that can’t go unmentioned is the chance to improve and personalize your home’s appearance. Time and age inevitably fade a home’s colors. New siding can make sure your home looks its very best, whether just for yourself and your family, or to impress the neighbors. And with a variety of materials and colors on the market, it’s an easy way to make your home reflect your personal style and taste.
When you’re ready for new siding on your Connecticut or New York home, call the professionals at CT Gutter for a free quote. With full installation and an assortment of different styles, CT Gutter will help you find what’s best for you and your home, and have it (along with your home’s value) up in no time.