Brick Vs Siding Home Value

Brick is not so easily moved from place to place and can add significantly to the price of a remodeling job.

Brick vs siding home value.

When you get new siding it will increase the value of your home. Bricks tend to be more expensive than other exterior products such as vinyl siding. The only downside is that brick limits the options to the type of look. Choose the right siding to maximize your recovered cost.

When you compare equally sized homes in the same area a brick home can see an immediate increase in value by about 8 over a home with wood vinyl or fiber cement siding. According to the marshall and swift residential cost handbook which is used by appraisers an all brick home appreciates at an average rate of 6 percent immediately after it is built. Plus brick homes are 5 8 percent less expensive to insure because they are less likely to be damaged by fire or wind little or no maintenance makes brick a better value. Brick is more expensive.

You may also save money on home. Material alone regular hardi siding runs approximately 1 15 sf where artisan runs 2 40 sf and brick runs anywhere from 2 50 5 00 sf depending upon the brick you choose. Interestingly brick homes also improve the appraised value of the neighborhoods and communities where they are built enhancing the tax base. Brick costs about 6 to 12 per square foot while vinyl siding costs about 2 to 3 per square foot.

Brick only provides a classic or rustic look but vinyl can open your options to more contemporary styles. There s an added labor cost for removal of old siding so if you re going to strip your house and start fresh plan to spend up to 5 000 more. Brick will increase it slightly more than vinyl. Brick is usually installed as a veneer not a part of the structure and is water permeable.

This makes it an attractive option for long term home buyers. Frankly it won t make a big enough of a difference if you re planning to sell the home. As we have noted in our whitepaper the true value of brick brick homes appreciate more over time than homes with wood or fiber cement siding homes. Disadvantages of brick price.

Increased home value although brick can be a more costly home exterior choice it may increase the value of your home up to six percent according to siding helper. Brick can give a rustic look to a home and can be beautiful for decades. This siding needs to be installed over a waterproof membrane. For example a 500 000 home with vinyl siding would appraise for around 540 000 just by adding brick siding.

It does not need periodic replacing painting or cleanings. The disadvantage to brick is that it is pricey especially if installed correctly. According to the brick industry association a 2 500 square foot brick home typically costs 6 to 7 percent more than vinyl. Brick has a lower maintenance cost compared to vinyl.

Homeowners who live in provinces that are dominated by vinyl or stucco will find that their brick house has a higher market value.