Siding Issues and Please Suggest What Option to Take... (townhouse, paint, installation)
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Did you pay well below market value?
Does a $24k improvement bring the house to/over that market value?
Now, the flip-side…
Is this type of investment good for a 5yr owning span?
Prices for both materials and labor are exorbitantly high right now.
There is a looming major correction in real estate- probably sooner rather than later,
and/or a recession! Thanks Brandon!
Yes. I paid about $20K less than the market value, when I bought it in 2020. Like everywhere over last two years the house value according to zillow, realtor.com etc., has increased by about $200K.
I am not sure what this additional $26K improvement will impact the house value. But I sincerely hope this investment is worth the effort and money... since some say wood siding has the value and some others say Vinyl siding's (hopefully hardy plank's) maintenance free option would bring the value...
At this point, based on several estimates at a minimum I need to spend about $8K to $10K for the painting job... Question is can I add additional $15K and that way I can forget about the maintenance issues (such as repainting every 3 years) or pass on that value/convenience to the potential buyer say 5 years... 10 years down the line?
Yes. I paid about $20K less than the market value, when I bought it in 2020. Like everywhere over last two years the house value according to zillow, realtor.com etc., has increased by about $200K.
I am not sure what this additional $26K improvement will impact the house value. But I sincerely hope this investment is worth the effort and money... since some say wood siding has the value and some others say Vinyl siding's (hopefully hardy plank's) maintenance free option would bring the value...
At this point, based on several estimates at a minimum I need to spend about $8K to $10K for the painting job... Question is can I add additional $15K and that way I can forget about the maintenance issues (such as repainting every 3 years) or pass on that value/convenience to the potential buyer say 5 years... 10 years down the line?
Use quality paint on Hardi, and you shouldn't have to repaint for at least 15 years, maybe longer, according to our contractor.
My '49 vintage Federal Style 2 story has cypress siding, and was sadly neglected for decades, there was no way I would devalue the house by attaching plastic siding for an immediate facelift. After firing 2 painting crews for "doing it their way", I, with a crew of 2 other painters, tackled the project "my way". With a variety of sanders, scrapers and a Porter Cable paint grinder, (like this one) made specifically for removing paint from siding, we took the siding down to bare wood. Then 2 coats of primer, followed by caulking followed by 2 coats of top coat.
Not a quick or easy job, given it was probably lead based paint being removed, but we all survived and the transformation looks remarkable.
Originally Posted by spalam01;63472594[COLOR="blue"
[/color]]Yes. I paid about $20K less than the market value, when I bought it in 2020. Like everywhere over last two years the house value according to zillow, realtor.com etc., has increased by about $200K.
The first part is good- the “according to…”, don’t trust any of those website numbers!
I am not sure what this additional $26K improvement will impact the house value. But I sincerely hope this investment is worth the effort and money... since some say wood siding has the value and some others say Vinyl siding's (hopefully hardy plank's) maintenance free option would bring the value...
There’s a huge difference between “real value” and “perceived value”- make sure you understand both before dropping these huge sums of money.
At this point, based on several estimates at a minimum I need to spend about $8K to $10K for the painting job... Question is can I add additional $15K and that way I can forget about the maintenance issues (such as repainting every 3 years) or pass on that value/convenience to the potential buyer say 5 years... 10 years down the line?
Personally, I’d do the minimal repair/maintenance, a very involved paint job, and save the rest of the money to get through this very real impending recession.
Scrape, prime, and paint. Better look around for a good contractor though if you aren't doing it yourself. Good luck finding one because the reality is they do it for the money so the shorter time it takes, the more money they make, and scraping, priming, caulking, and painting the right way takes time.
Scrape, prime, and paint. Better look around for a good contractor though if you aren't doing it yourself. Good luck finding one because the reality is they do it for the money so the shorter time it takes, the more money they make, and scraping, priming, caulking, and painting the right way takes time.
Which are all reasons to replace the wood with Hardi, so that none of the painting related work has to be done again for a very long time. Hardi also eliminates the rot issue and improves the fire resistance of the building.
Good points. Having gone the scrape path I can say about 3-4 years will be all you can get out of the house in the picture the first time you paint using the present cedar. Took me a couple of times to get our neglected exterior where painting took longer than prep and I was very thorough.
Does Hardi board/plan have an advantage over vinyl? As far as I know, they need to be repainted. I understand people like the look of wood siding but..... UPKEEP.
Does Hardi board/plan have an advantage over vinyl? As far as I know, they need to be repainted. I understand people like the look of wood siding but..... UPKEEP.
In the 7 years since we had Hardi installed, we have not had to do anything for upkeep. Hardi doesn't suffer in the sun, which can be an issue with vinyl, Hardi doesn't need to be repainted for many years, and Hardi doesn't look cheap, which is a huge disadvantage of vinyl.
In the 7 years since we had Hardi installed, we have not had to do anything for upkeep. Hardi doesn't suffer in the sun, which can be an issue with vinyl, Hardi doesn't need to be repainted for many years, and Hardi doesn't look cheap, which is a huge disadvantage of vinyl.
You’re lying to yourself-
But, if you believe it that’s all that matters!
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