Appearances aren’t everything, but they do matter, especially when it comes to a home’s resale value. One of the most important investments you can make when you’re thinking of listing your home is in siding replacement services. A home’s siding plays a key role in attracting potential buyers and sending the right message about your home by creating curb appeal. But when it comes to choosing a siding color, how big of a role does the color you choose play in your home’s resale value?
In this post from The Construction Group in Minnesota, our siding replacement services team is breaking down what you need to know about siding color and resale value. Give us a call to get a free quote on siding replacement services and learn about siding options for your Twin Cities area home.
Siding and a Home’s Market Value
It might seem like the color of a home is purely an aesthetic issue. But there are a number of reasons a home’s exterior siding color can actually affect a seller’s ability to sell their home or even increase or decrease the selling value.
These are a few ways siding can impact a home’s value:
1. It makes a hit-or-miss first impression.
It’s easy to make the mistake of underestimating siding color. After all, if a homeowner doesn’t like a home’s current siding, they can have it painted or even replace the siding altogether.
And yet while it’s true that color can be changed, from a potential buyer’s perspective, the color helps to create the overall first impression. Siding replacement services can be expensive, and many buyers want to move in without having to make dramatic changes. Additionally, if a home stands out too much from the rest of the neighborhood, it can be off-putting to potential buyers.
2. It can affect a home’s energy efficiency.
The color you wear in the summer can help you stay cool, and in much the same way, the color of a home’s siding can affect the temperature inside of it. The same way a darker shirt tends to soak up the sun and make its wearer hotter on a summer day, a darker home tends to be warmer, while lighter homes tend to stay cooler.
3. Darker colors can fade over time.
Solar radiation can take its toll on a home’s siding color as the years go by. If a house has faded or chipped siding, it can drive down the asking price of the home. One of the best ways to defeat fading and damaged paint is to invest in vinyl or metal siding, which won’t fade, chip, or peel over time.
Key Considerations for Siding Color
If you’re planning to live in your home for a while, you really can’t go wrong with a siding color you love and feel great about as long as it’s acceptable to your HOA rules. However, many homeowners are also thinking about the possibility that they may wish to sell their home even if they’re not planning on doing so anytime soon. After all, you never know what the future may hold, and no one wants to get stuck with a home that’s tough to sell because it’s not buyer-friendly.
When you’re considering siding replacement services for your home based on resale value, you should consider the following:
1. Architectural Style of Home
Although this is less true for modern and contemporary homes than for older homes, architectural style can play an important role in informing siding color. If your home is a Craftsman home, for example, you want to stay close to original color patterns, typically earth tones. However, some architectural designs lend themselves to brighter color patterns. Victorian homes, for example, typically use three, four, or even five colors to accentuate their typically ornate style.
2. Neighborhood/Area Homes
When you’re trying to sell your home, you want to stand out for that home’s great value, not its unusual color. Homes that blend in well with other homes in their area tend to sell more quickly. Take a look around the area to identify similar homes and get inspiration before hiring siding replacement services.
3. Most Desirable Colors for Buyers
Off-white and lighter neutral colors are a solid bet when choosing a siding replacement color. Grays can be an attractive, classic look, while browns and beige shades can make a home feel warm and welcoming. One of the most popular colors on the market right now, greige, brings together the best of both worlds.
Twin Cities Siding Replacement Services
Ready to check out our siding solutions? Check out our online gallery to get inspired. When you’re thinking of replacing your siding, contact The Construction Group in Woodbury to connect with a contractor at 651-731-5857 or contact us online. We offer free estimates and a complete range of home remodeling services. Give our siding replacement services a call today!