Remodeling Cost vs. Value Report Shows Home Siding Replacement Provides up to 97 Percent ROI
Homeowners get their money’s worth with CertainTeed® STONEFaçade™ and Cedar Impressions® exteriors
(Malvern, Pa.) - Remodeling Magazine’s 2018 Cost vs. Value report shows great return on investment (ROI) for exterior renovation projects, with highlights on manufactured stone veneer and siding replacements. Among the highest performing projects was manufactured stone veneer with a whopping ROI of 97.1 percent – a 7.7 percent increase in value from 2017. Close behind, vinyl siding replacement had an average ROI of 76.7 percent.
Each year, the magazine creates the ranking by gathering pricing data for 20 common remodeling projects and surveying real estate professionals in 149 markets nationwide – up from 100 in recent years – to estimate a home’s value after such remodeling projects are completed. The percentage of cost that is recouped can be calculated by comparing the cost and the estimated value.
“This report is a really important tool to indicate to homeowners what projects will benefit them the most,” said Matt Gibson, director, vinyl and marketing communications for CertainTeed Siding. “Recouping most of the cost of a siding replacement, should they decide to sell or refinance, gives peace of mind that they can have the curb appeal they crave and retain market value for one of their largest investments.”
Homeowners can easily create a more high-end stone look with CertainTeed’s STONEFaçade™ Architectural Stone Cladding System. Any siding contractor can install the panelized system themselves – no stone mason involved. Easy, mortar-less installation combines with the proprietary fully integrated rain screen, which reduces the risk of moisture intrusion protecting against potential mold or mildew growth. This helps ensure long-term wall safety and performance. With lower installation costs, STONEFaçade will make any home look stately and stylish, and it will keep more money in the homeowner’s pocket.
For customers who prefer the look of wood siding, Cedar Impressions® polymer shakes and shingles can also provide a great ROI and unmatched Freedom of Choice® with the option to mix and match products, styles and colors for a beautifully coordinated look. Using CedarLife™ Color Blends featuring color-through technology, homeowners can capture the appearance of natural Eastern White Cedar and Western Red Cedar at various life stages with the selection of unique, random color patterns for one-of-a-kind exterior designs. Cedar Impressions Individual 5-inch Sawmill Shingles provide molded textures and patterns that replicate the effect of saw blades on real cedar, while Single 7-inch Straight Edge Perfection Shingles have clean edges and smooth lines to create a more refined look. Proprietary features like HammerTapper™ assist pads and patented PanelThermometer™ ensure accurate and quick installation and help prevent callbacks – increasing profits all around.
Both products are built with quality in mind and made to last, so an investment in these projects now could last a lifetime. To maintain that promise, STONEFaçade comes with a 20-year limited warranty, and Cedar Impressions offers a lifetime limited warranty.
By offering the most in selection, beauty and performance, CertainTeed has been voted the number-one brand for vinyl siding products by building professionals for 21 consecutive years, according to the Hanley Wood Brand Use Study. CertainTeed also offers partners higher standards and greater rewards to help grow their business. With the broadest range of exterior products, including polymer, composite, insulated and vinyl siding, as well as roofing, fence, railing, decking and exterior trim, CertainTeed provides unmatched Freedom of Choice® with the option to mix and match products, styles and colors for a beautifully coordinated look. For more information, visit www.certainteed.com/freedomofchoice.
Through the responsible development of innovative and sustainable building products, CertainTeed, headquartered in Malvern, Pennsylvania, has helped shape the building products industry for more than 110 years. Founded in 1904 as General Roofing Manufacturing Company, the firm’s slogan “Quality Made Certain, Satisfaction Guaranteed,” quickly inspired the name CertainTeed. Today, CertainTeed® is a leading North American brand of exterior and interior building products, including roofing, siding, fence, decking, railing, trim, insulation, drywall and ceilings.
A subsidiary of Saint-Gobain, one of the world’s largest and oldest building products companies, CertainTeed and its affiliates have more than 6,300 employees and more than 60 manufacturing facilities throughout the United States and Canada. The group had total sales of approximately $3.7 billion in 2017. www.certainteed.com