Skip to main content
_FB_2018-Icons-finalized-cleaned-up_new_FB_2018-Icons-finalized-cleaned-up_newGroup 9
Back
Scroll to top

Choosing Sides: The Best Siding Materials for a Home

Homebuying 4 min read
A-frame house with wood and concrete siding

Ready to talk to an expert?

New siding can give an old, tired-looking home a total facelift, and perhaps surprisingly, it can be a relatively inexpensive change.

For an average investment of about $10,000, you will increase your curb appeal, add durability, and can even lower your heating bills due to improved insulation.

Siding replacement consistently ranks as one of the best remodeling projects for retaining resale value; for example, you’ll recoup 87% of your cost at sale time if you replace your siding with trendy fiber cement.

There are 3 three things to consider when you’re deciding on a new material for your home’s exterior: durability, energy efficiency, and aesthetics. Here are the pros and cons of some of the most popular types of siding.

Vinyl

Vinyl can often be installed over existing materials, so it’s a good choice to update preexisting homes. It’s inexpensive and comes in a wide variety of colors and textures. It’s also popular among homeowners because it is scratch-resistant and durable, and is easy to clean and install.

Once you get it installed, it is low-maintenance, and doesn’t need repainting. Companies are now offering foam-backed vinyl, which provides better insulation. Remodeling Magazine’s 2014 Cost vs. Value Report finds that replacing your siding with foam-backed vinyl is one of the top 3 upscale remodeling projects, with approximately 78% of costs recouped at resale.

Wood

Wood siding looks beautiful, but you need to be prepared for regular maintenance. Whether you use a clear finish, semi-transparent stain, or paint, you’ll have to reapply at least every 5 years.

Prices vary widely depending on the grade of wood you use, and any existing siding will need to be removed before you can retrofit. Wood siding is versatile, and styles include clapboard, shingles, and board and batten.

Natural wood siding is not as common as it used to be because it’s a poor insulator and is prone to insect and weather damage. If you’re committed to the beauty of a wooden exterior, engineered wood is a durable alternative and is about half the cost of real wood siding.

Fiber Cement

Fiber cement is becoming much more popular, and it is the best project to boost your home value.

Made from a mix of sand, clay, cement, and cellulose (wood pulp), it can be molded to look like stucco, masonry, clapboard, shingles, or horizontal lap siding, and accommodates almost any style of home.

Fiber cement is very durable and won’t expand or contract with changes in temperature. Manufacturer warranties may last as long as 50 years, with 15-year warranties on the finish. It’s low maintenance and can be painted any color.

The downsides? Fiber cement is a relatively new material, and is complicated to install. It may be tough to find a contractor with the necessary experience and tools. You’ll also need to completely remove the old siding for a retrofit, which adds to the cost.

Stone

Stone siding is among the most durable and requires little maintenance. Unlike other types of siding, stone doesn’t degrade over time—it will look just as attractive after 30 years as it did the day it was installed.

Unfortunately, stone is difficult to install and is one of the most expensive siding materials. However, synthetic stone is easier to work with and could even be a project for advanced DIYers. It’s still more expensive than other options, so consider using it as an accent to cover a chimney or the lower part of a wall.

Brick

Brick is beautiful, and there’s no doubt it’s durable. Installation requires masonry, which can deteriorate at mortar joints, so it does need some upkeep.

Because it is usually a veneer rather than structural, brick needs to be tied back to the building structure to prevent movement due to weather conditions. It’s a good insulator and comes in several colors. Brick generally requires professional insulation, and the cost of labor and materials make it one of the more expensive choices for siding.

***

The kind of siding you select will depend on several factors, and your budget may determine your options. Just remember that updating the siding on your home is something you will probably only have to do once, so it can be worth the extra money to get what you like.

With proper maintenance, almost all types of siding will hold up in any weather condition. Consider how much time and effort you’re willing to put into upkeep, and talk to other homeowners in your area to see what their experiences have been. New siding can completely change the look of a home, so make sure it’s done right!

Ready to talk to an expert?

Share:
First Bank’s Good To Know Logo
Sign up for our newsletter and be the first to know about new tips, insights, and products from First Bank.
First Bank may use this email address to contact you about products, services, and promotions.

You may be interested in...

First Time Buyer? For most of us, buying a home is the largest purchase we’ll ever make. If you are a first-time homebuyer, you may be asking questions like, “What is a first home mortgage?” What is a First Home Mortgage? A first home mortgage is a loan you will use to purchase your first home. These loans can come in a variety of forms, from conventional home loans to FHA loans for first-time homebuyers. First Bank offers the following mortgage loans* for first-time homebuyers: Conventional Loans Government loans Professional loans Construction loans Jumbo loans In addition to providing a selection of mortgage opportunities, First Bank also offers a wealth of information about what a first home mortgage is and what can be expected when shopping for your first home. Tips for Buying Your First Home Knowing what a first home mortgage is can go a long way toward easing the process of turning that key for the very first time. U.S. News and World Report highlighted some of the most common mistakes first-time home buyers make and how you can avoid them. Among them were: Searching for your dream home before being pre-qualified for a loan. The reality of what a first home mortgage is can be vastly different than what you were hoping for. Take the time to seek out a mortgage loan specialist at a place like First Bank so you can find out what you can afford and what your expected monthly expenses will be. Thinking short-term. First-time buyers are often so focused on moving in that they don’t ever consider moving out. Chances are, you’ll one day be ready to move into another home as you start a family or change jobs. Think about the factors that will affect how you’ll be able to sell your home in five years such as economic growth in the area or neighborhood expansion. Making an emotional decision. It’s important to sign a mortgage paper with your head and not with your heart. You may be overlooking some serious red flags such as expensive repairs, structural damage, or mold simply because you’re in love with the open layout. Find a First Bank Near You Ready to get started? Check out First Bank’s guide 3 min read
Current 30 Year Mortgage Rates – South Carolina If you’re looking for current mortgage rates in SC, it’s a great time to buy! In a recent survey conducted by GoBankingRates, the state ranked 27th in the nation for the lowest average home mortgage. The study combined 30-year fixed, 15-year fixed, and five-year ARMs (adjustable rate mortgages) to rank each state by the average cost of a mortgage. Current Mortgage Rates in SC First Bank offers conventional home loans, including a 30-year fixed-rate mortgage. This types of mortgages are extremely popular among home buyers because the longer loan term allows for smaller, predictable payments. With First Bank’s 30-year conventional loan, your interest rate and monthly principal will never change, allowing you to budget more easily. If you plan to live in your house for a long time, a 30-year fixed-rate loan could be a good option for you and your family. What Affects Current Mortgage Rates in SC? 30-year mortgage interest rates vary depending on a variety of things, such as: Economic factors. Lending is riskier in some states than others due to unemployment rates, default and foreclosure rates and differing property values. State laws. States that allow recourse typically have lower mortgage rates. Recourse is the recovery of additional money from borrowers who default and the foreclosure sale doesn’t earn enough to pay off the mortgage. Size of competition. More lenders competing for your business means lower costs. Types of preferred loans. States with more military bases will likely see more VA loans, states with more rural housing might have more USDA loans, etc. Market conditions. An increase or decrease in home building and sales regionally or nationally can drive interest rates up or down. Government. Government policies like the Federal Reserve can dictate the fluctuation of interest rates. As you can see, there are a number of reasons why a 30-year mortgage rate in South Carolina can vary. The best way to find out what your interest rate will be is by speaking with a First Bank mortgage specialist. If you are ready to apply for a 30-year mortgage, you can find out your interest rate by starting an online application with First Bank. Loans subject to credit approval. ———- Source: Housing Wire: https://www.housingwire.com/articles/48165-this-is-how-mortgage-rates-vary-by-state/ 2 min read
How to Get a Mortgage for a Rental Property Looking for rental property mortgage rates near you? If so, First Bank can provide you with tips and tricks on how to get a rental property mortgage, as well as how to find the best mortgage rates near you. Rental Property Tips: How to Get a Mortgage According to Money Under 30: “Getting a mortgage for an investment property can be headache. Your best bet is to be prepared before you even start down that path. Make sure you have enough cash reserves to make your lender happy, as well an impressive credit score.” How Can You Prepare? Know the lending limits — For example, Fannie Mae currently allows each investor to carry 10 loans at once. Look for investor-friendly lenders — Having a good relationship with your lender could be the key to success. Know your credit requirements — There are two different credit-qualification guidelines for getting rental property loans. Prepare your cash reserves — Lenders typically require you to have six months of cash reserves available per property. Be prepared to make a down payment — There are sets of guidelines regarding rental properties that you must follow when making a down payments. Show your W-2 income — Lenders typically require that you show a minimum of two solid years of W-2 income. Traditional Mortgage vs. Rental Property Mortgage If you are looking for a rental property mortgage, expect to find rates that are slightly higher than primary residence mortgages. Lenders are trusting that you will be able to rent the property to tenants and that they will be able to make their payments on time to you. Don’t be surprised to see mortgage rates for rental properties fluctuate more than primary residence mortgage rates from one lender to the next. Some lenders are more trusting in rental properties than others and may want to see that you have enough money to pay for both your primary residence mortgage and the rental property mortgage at the same time. This is a safety net for the bank in case your rental property fails to attract any renters or those renters fail to pay the rent. Mortgage rates can vary from one lender to the next but there are also some key differences in the mortgage itself when compared to 3 min read
First Bank logo
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognizing you when you return to our website and helping our team to understand which sections of the website are the most popular and useful.