Siding Replacement Cost (6 Factors To Consider)

When it comes to home improvement projects, replacing your siding is a game-changer. Not only does new siding enhance your home’s curb appeal, but it also provides crucial protection against the elements. However, understanding the full cost implications can be a bit intimidating. In this siding replacement cost guide, we’ll break down:

• Signs that you need to replace your siding
• How to determine the cost of your replacement
• How the type of siding makes a difference

Why Replace Your Siding?

Before we get into the numbers, it’s essential to understand why replacing your siding is a worthwhile investment. Here are some benefits:

• Improved Curb Appeal: New siding can drastically change the look of your home, making it more attractive.
• Increased Property Value: Quality siding can significantly boost your home’s resale value.
• Energy Efficiency: Modern siding materials often come with better insulation, leading to lower energy bills.
• Protection: Siding acts as a barrier against harsh weather conditions, pests, and other external factors.

6 Factors Affecting Siding Replacement Costs

Various elements determine the final cost of siding replacement. Understanding these can help you budget more accurately.

1. Material

The material you choose plays a significant role in the overall cost. Here’s a look at some popular options:

• Vinyl Siding ($2 – $7 per square foot): Vinyl is one of the most cost-effective options. It’s durable and comes in various colors and styles.
• Fiber Cement Siding ($5 – $10 per square foot): Known for its durability and resistance to rot and insects, fiber cement is more expensive but offers excellent value.
• Wood Siding ($6 – $12 per square foot): Wood siding offers a classic look but requires more maintenance and is susceptible to pests.
• Metal Siding ($3 – $11 per square foot): Available in aluminum and steel, metal siding is durable and low-maintenance but can be prone to dents.
• Brick Siding ($9 – $28 per square foot): Brick is highly durable and offers a timeless appearance but comes at a higher cost.
• Stucco Siding ($6 – $9 per square foot): Stucco is popular in warmer climates and provides good insulation but can crack in colder conditions.

2. Labor

Labor costs vary depending on your location, the complexity of the job, and the contractor’s experience. On average, labor costs can range from $1 to $6 per square foot. Always get multiple quotes and check references before hiring a contractor.

3. Removal of Old Siding

Removing old siding adds to the overall cost. Expect to pay between $1,000 and $3,000 for this service, depending on the size of your home and the type of siding being removed.

4. Home Size and Shape

The size and layout of your home significantly impact the total cost. A larger home will naturally require more materials and labor. Additionally, homes with complex architectural features, like multiple stories, dormers, or intricate trim, may incur higher costs.

5. Insulation

Some homeowners opt to add insulation during the siding replacement process. Insulated siding or additional insulation can increase your costs but may result in long-term savings on energy bills. The average cost for adding insulation ranges from $0.50 to $2.00 per square foot.

6. Permits and Inspections

Depending on your location, you may need permits and inspections for your siding replacement project. Permit costs vary widely but typically range from $100 to $500.

Detailed Cost Breakdown by Siding Type

Let’s take a closer look at the costs associated with each siding material, including installation, maintenance, and lifespan.

Vinyl Siding

• Material Cost: $2 – $7 per square foot
• Installation Cost: $1 – $3 per square foot
• Maintenance: Low; occasional washing
• Lifespan: 20 – 40 years

Example:

For a 2,000-square-foot home:

• Material Cost: $4,000 – $14,000
• Installation Cost: $2,000 – $6,000
• Total Cost: $6,000 – $20,000

Fiber Cement Siding

• Material Cost: $5 – $10 per square foot
• Installation Cost: $2 – $6 per square foot
• Maintenance: Moderate; periodic painting and sealing
• Lifespan: 25 – 50 years

Example:

For a 2,000-square-foot home:

• Material Cost: $10,000 – $20,000
• Installation Cost: $4,000 – $12,000
• Total Cost: $14,000 – $32,000

Wood Siding

• Material Cost: $6 – $12 per square foot
• Installation Cost: $3 – $8 per square foot
• Maintenance: High; regular staining or painting
• Lifespan: 20 – 40 years

Example:

For a 2,000-square-foot home:

• Material Cost: $12,000 – $24,000
• Installation Cost: $6,000 – $16,000
• Total Cost: $18,000 – $40,000

Metal Siding

• Material Cost: $3 – $11 per square foot
• Installation Cost: $2 – $5 per square foot
• Maintenance: Low; occasional washing
• Lifespan: 40 – 70 years

Example:

For a 2,000-square-foot home:

• Material Cost: $6,000 – $22,000
• Installation Cost: $4,000 – $10,000
• Total Cost: $10,000 – $32,000

Brick Siding

• Material Cost: $9 – $28 per square foot
• Installation Cost: $5 – $15 per square foot
• Maintenance: Low; occasional cleaning
• Lifespan: 50+ years

Example:

For a 2,000-square-foot home:

• Material Cost: $18,000 – $56,000
• Installation Cost: $10,000 – $30,000
• Total Cost: $28,000 – $86,000

Stucco Siding

• Material Cost: $6 – $9 per square foot
• Installation Cost: $3 – $8 per square foot
• Maintenance: Moderate; periodic sealing
• Lifespan: 50+ years

Example:

For a 2,000-square-foot home:

• Material Cost: $12,000 – $18,000
• Installation Cost: $6,000 – $16,000
• Total Cost: $18,000 – $34,000

Additional Cost Considerations

Hidden Costs

While the above costs provide a general idea, there are often hidden costs in siding replacement:

• Structural Repairs: If your old siding has allowed water infiltration, you may need to repair structural damage.
• Weather Barriers: Installing a weather barrier (house wrap) improves energy efficiency but adds to the cost.
• Trim and Accessories: Don’t forget about the cost of trim, soffits, and fascia, which are integral parts of the project.

Financing Options

Many homeowners may find the upfront cost of siding replacement challenging. Fortunately, there are various financing options available:

• Home Equity Loans: Using your home equity can provide lower interest rates.
• Personal Loans: Unsecured personal loans are an option but often come with higher interest rates.
• Contractor Financing: Some contractors offer financing plans, making it easier to spread out the payments.

How to Choose the Right Contractor

Choosing the right contractor is crucial to the success of your siding replacement project. Here are some tips:

• Get Multiple Quotes: Obtain at least three quotes to compare prices and services.
• Check References: Ask for and call references to get a sense of the contractor’s reliability and quality of work.
• Verify Credentials: Ensure the contractor is licensed and insured.
• Read Reviews: Look for online reviews from previous customers to gauge satisfaction.

DIY vs. Professional Installation

Some homeowners consider DIY siding installation to save money. While it can be a cost-effective option, it comes with risks:

✅ Pros of DIY

• Cost Savings: Labor costs are significantly reduced.
• Control: You have complete control over the project.

❌ Cons of DIY

• Time-Consuming: Siding installation is labor-intensive and time-consuming.
• Skill Required: Lack of experience can lead to mistakes that compromise the siding’s performance.
• No Warranty: Professional installation often includes a warranty on workmanship, which you won’t have with a DIY approach.

Your Locally Trusted Siding Contractor

Replacing your siding is a significant investment, but it’s one that pays off in multiple ways, from enhanced curb appeal and property value to better protection and energy efficiency. Start by getting quotes from reputable contractors in your area. And remember, investing in quality materials and professional installation can save you money and headaches in the long run.

Give us a call at Voyager Exteriors today to learn more about your replacement siding installation.