What’s the Price of Siding Installation in 2024?

Nowadays, the home improvement industry continues to grow. Siding installation remains a cornerstone of enhancing residential properties’ aesthetics and functionality. So, homeowners are considering a question: “How much does it cost to replace siding on house in 2024?” 

This year brings new factors to take into account, like the types of materials available, labor costs, how location plays a role, and more. So, let’s take a closer look at the main nuances of the price of siding installation in 2024, making it easier for homeowners to understand.

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Crucial factors affecting siding installation costs

Choosing the right siding material for your home is crucial for aesthetics and functionality. However, homeowners need to consider installation costs beyond the initial cost of siding materials, which can vary significantly based on several factors. The important elements affecting siding replacement costs across various materials, home size, location, labor costs, and more.

Type of siding material

There are plenty of options available when choosing siding for your home. From traditional choices like wood and brick to modern materials like vinyl and fiber cement, each type of siding offers unique benefits and drawbacks. Let’s analyze ten popular siding materials, discussing their characteristics, pros and cons, and approximate siding costs to help you make an informed decision.

Wood

It exudes warmth and natural beauty, making it a popular choice for traditional and rustic-style homes. Cedar, pine, and redwood are common wood choices for siding due to their durability and resistance to decay. However, wood siding requires regular maintenance, including painting or staining, and occasional repairs to address rot or insect damage.

Approximate cost: $26-$32 per square foot installed.

Stone

This siding type adds timeless elegance and visual appeal to any home exterior. This material offers exceptional durability and low maintenance requirements, whether natural stone such as granite or limestone or manufactured stone veneer. Stone siding can be costly to install due to labor-intensive processes and material expenses, but it provides excellent longevity and a high-end aesthetic.

Approximate cost: $74-$76 per square foot installed for natural stone; $38-$42 – siding cost per square foot for manufactured stone veneer.

Steel

This siding is renowned for its strength, durability, and resistance to harsh weather conditions. It’s ideal for homeowners seeking a low-maintenance option that offers excellent protection against moisture, pests, and fire. Steel siding comes in various styles, including traditional lap siding and modern corrugated panels, allowing for universal design possibilities.

Approximate cost: $56-$60 per square foot installed.

Vinyl 

This siding type is one of the most widely used siding materials in the United States, thanks to its affordability, adaptability, and low maintenance requirements. It’s available in a vast array of colors, textures, and profiles, allowing homeowners to achieve the desired aesthetic for their homes. Vinyl siding is resistant to rot, insects, and fading, making it a durable and cost-effective choice for long-term home protection.

Approximate cost: $10-$12 per square foot installed.

Stucco

This siding type has been a staple of Mediterranean and Spanish-style architecture for centuries, thanks to its durability, weather resistance, and timeless appeal. Traditional stucco is composed of cement, sand, lime, and water, applied in multiple coats over a wire mesh or wood lath. While stucco requires professional installation and regular maintenance, it provides excellent insulation and protection against moisture and fire.

Approximate cost: $28-$32 per square foot installed.

Fiber cement

In fact, fiber cement siding combines the look of wood with the durability of concrete, making it a popular choice for homeowners seeking a low-maintenance alternative to traditional wood siding. Made from a mixture of cement, sand, and cellulose fibers, fiber cement siding is resistant to rot, fire, insects, and harsh weather conditions. It’s available in various textures, including smooth, wood grain, and stucco finishes, offering endless design possibilities.

Approximate cost: $18-$22 per square foot installed.

Size and layout of the home

The size and layout of a home play a significant role in determining the cost of siding installation. Larger homes naturally require more materials and labor, resulting in higher expenses. Additionally, complex layouts with multiple corners, angles, and architectural features can increase installation complexity, leading to higher costs.

Approximate cost: a typical vinyl siding installation can start from $20,000. Larger homes or those with intricate layouts may incur over $30,000 or more expenses.

Labor costs

These costs constitute a significant part of siding installation expenses. The project’s complexity, laborers’ skill level, and prevailing wage rates all contribute to labor costs. Factors such as demolition of existing siding, surface preparation, and cleanup after installation can also impact labor expenses.

Approximate cost: labor costs typically range from $40 to $75 per hour per worker. For a standard siding installation project, labor expenses can account for 50% to 70% of the total project cost.

Extra materials and supplies

In addition to siding materials, various additional materials and supplies are necessary for a successful installation. These may include underlayment, flashing, trim pieces, caulking, and fasteners. The quality and quantity of these materials can vary depending on the project’s specific requirements.

Approximate cost: extra materials and supplies can add 5% to 10% to the total siding replacement cost.

Thus, homeowners should carefully consider these factors and obtain multiple quotes from reputable contractors before embarking on a siding installation project. By understanding the cost dynamics involved, homeowners can make informed decisions and ensure a successful outcome for their home renovation endeavors.

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Additional siding installation costs and considerations

You must understand that there are several additional expenses to keep in mind beyond the initial cost of materials and labor to ensure a smooth and successful siding installation project. Below, you can check various potential hidden fees or unexpected expenses. 

Permit fees

Before launching any home improvement project, including siding installation, it’s crucial to check with your local municipality regarding permit requirements. Many jurisdictions require homeowners to obtain permits for exterior renovations to ensure compliance with building codes and regulations.

Permit fees can vary depending on the location and project scope. On average, permit fees for siding installation cover 2% of the project’s total price, depending on the town. Failure to obtain the necessary permits can result in fines and delays, so you must factor these fees into your budget and obtain permits before starting the project.

Removal and disposal of old siding

If you’re replacing existing siding, removing and disposing of the old siding is another expense to consider. The cost of siding removal and disposal can vary depending on factors such as the type of siding, the size of your home, and accessibility. Homeowners can expect to pay between $900 and $1500 for the disposal and $4-5 per square foot for removing old siding.

It is essential to hire a reputable contractor as Plum ProExteriors, who properly disposes of the old siding according to local regulations, as improper disposal can result in environmental damage and additional costs.

Upgrades or customization options

Siding materials come in various styles, colors, and finishes, offering homeowners numerous options for customization. While essential vinyl siding is often the most cost-effective option, several upgrades and customization options can enhance the appearance and durability of your home’s exterior. Some popular upgrades include:

• Premium siding materials, such as fiber cement or engineered wood, offer superior durability and resistance to weathering.
• Insulated siding can improve energy efficiency and reduce heating and cooling costs.
• Decorative trim, accents, and architectural details to add visual interest and curb appeal.
• Custom color options or specialty finishes to match your aesthetic preferences.
• Soffit and fascia replacement to ensure a seamless and cohesive look across your home’s exterior.

The cost of siding upgrades and customization options can vary significantly depending on the materials and complexity of the installation. Homeowners should carefully consider their budget and priorities when selecting siding options to ensure they achieve the desired look and performance without exceeding their financial limitations.

Thus, to reduce the risk of unexpected expenses, homeowners should work closely with their contractors to thoroughly inspect their homes’ exteriors and address any potential issues before beginning the siding installation. Building a contingency fund into your budget can provide financial peace of mind in unforeseen circumstances.

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Essential indicators that signal it’s time for new siding installation

It is crucial to pay attention to the special signs to determine whether it’s time to invest in new siding for your home. Remember that proactive maintenance and timely replacements can help protect your home and preserve its value in the long run.

Here are some signs that it might be time to install new siding on your home:

1. Visible damage. Inspect your siding for signs of damage, such as cracks, dents, or holes. These can be caused by weathering, impact, or pests. If the damage is extensive or widespread, it might be more cost-effective to replace the siding altogether rather than trying to repair individual sections.
2. Rot or decay. Wood siding is particularly susceptible to rot and decay, primarily if it’s not maintained correctly or if it’s exposed to moisture for prolonged periods. Check for signs of rot, such as soft or spongy areas, discoloration, or mold growth. If you notice any of these issues, it clearly indicates that your siding needs to be replaced.
3. Peeling paint or wallpaper inside. If you notice peeling paint or wallpaper inside your home, it could indicate moisture infiltration from damaged siding. Moisture can seep through cracks or gaps in the siding and cause paint or wallpaper to peel indoors. Addressing the underlying siding issues is essential to prevent further damage to your home’s interior.
4. High energy bills. Old or damaged siding can compromise your home’s energy efficiency by allowing heat to escape during the winter and cold air to seep in during the summer. If you’ve noticed a significant increase in your energy bills, it could be due to inadequate insulation provided by your siding. Upgrading to new, energy-efficient siding can help reduce your heating and cooling costs.
5. Fading or discoloration. Over time, exposure to the sun’s UV rays can cause the siding to fade or become discolored. This detracts from your home’s curb appeal and indicates that the siding’s protective coating is deteriorating. If your siding looks dull or has noticeable color changes, it may be time for a replacement to restore your home’s appearance.
6. Siding material lifespan. Finally, consider the lifespan of the siding material itself. Different types of siding have varying lifespans, some lasting longer. For example, vinyl siding typically lasts 20-40 years, while fiber cement siding can last 30-50 years or more with proper maintenance. If your siding is approaching the end of its expected lifespan, it’s wise to start planning for replacement before significant issues arise.

Main tips to save money on siding replacement

Siding replacement is a significant investment for homeowners, but it’s also necessary to maintain and enhance the integrity and appearance of your home. However, the costs associated with siding replacement can quickly add up, leaving many homeowners searching for ways to save money without compromising quality.

In this block, we’ll explore eight practical strategies to help you save money on siding replacement while achieving excellent results. Let’s check them together!

1. Essential aspects of the project

When planning a siding replacement project, it’s essential to prioritize the most critical aspects of your home’s functionality and longevity. This includes repairing structural damage, addressing moisture issues, and ensuring proper insulation. By prioritizing these essential aspects, you can avoid unnecessary expenses on cosmetic features that may not significantly impact the performance of your siding.

2.  Affordable materials

One of the most effective ways to save money on siding replacement is by choosing affordable materials with durability and aesthetic appeal. While premium materials such as cedar or stone may be visually appealing, they often have a higher price tag. Opting for cost-effective alternatives like vinyl or fiber cement can help significantly reduce your overall project costs without sacrificing quality.

3. Flexible design choices

Flexibility in design choices can also contribute to cost savings during siding replacement. Instead of opting for intricate designs or custom finishes that require additional labor and materials, consider simpler, more straightforward designs that are easier and less expensive to install. Choosing standard-sized siding panels can also help minimize waste and reduce material costs.

4. DIY vs. hiring professionals

Deciding whether to tackle the siding replacement project yourself or hire professionals is a crucial consideration when trying to save money. While DIY (Do It Yourself ) installation can save on labor costs, it requires time, skill, and tools to ensure a proper and long-lasting installation. If you’re confident in your abilities and have experience with similar projects, DIY may be a viable option.

However, for complex installations or if you’re unsure of your skills, hiring professional contractors may ultimately save you money by avoiding costly mistakes and ensuring quality workmanship.

At Plum ProExteriors, we have garnered a reputation for our outstanding experience and expertise, particularly in siding installation. Our proficient team boasts versatility across various siding types, adept at accommodating your preferences. Refined through extensive on-the-job training and collaboration with manufacturers, our installation techniques are efficient and detailed. You can rest assured our experienced specialists prioritize both speed and safety, delivering a siding installation destined to endure for generations in your home or office.

5. Insurance coverage

In some cases, insurance coverage may help offset the costs of siding replacement, mainly if the damage results from a covered peril such as severe weather or vandalism. Before proceeding with the project, review your homeowners’ insurance policy to determine what types of damage are covered and the extent of your coverage. If applicable, file a claim with your insurance provider to help cover some or all of the replacement costs.

6. Off-season installation

Scheduling your siding replacement during the off-season can result in significant cost savings. Contractors are typically less busy during the off-peak months, which can lead to lower labor rates and more flexible scheduling options. Additionally, some suppliers may offer discounts on materials during the off-season to stimulate demand. By planning your project for the fall or winter months, you can take advantage of these cost-saving opportunities.

7. Bundle services

If you have other home improvement projects planned, consider bundling services to save money on labor costs. For example, if you’re also planning to replace your windows or upgrade your roofing, hiring the same contractor to handle multiple projects can result in discounted rates. Additionally, bundling services may streamline project management, resulting in faster completion times and reduced hassle.

8. Regular maintenance

Finally, investing in regular maintenance can help extend the lifespan of your siding and reduce the need for sudden replacement. Simple tasks such as cleaning debris, inspecting for signs of damage, and promptly addressing any issues can prevent minor problems from escalating into costly repairs. By staying proactive with maintenance, you can maximize the longevity of your siding investment and minimize future expenses.

In general, with these eight practical strategies in mind, you can confidently launch your siding replacement project, knowing that you’re making wise financial decisions every step of the way.

Final thoughts

As we wrap up our discussion on siding installation costs in 2024, one thing is clear: quality siding is essential. Whether you want to boost your home’s curb appeal, save energy, or protect it from the weather, investing in good siding pays off. With knowledge about costs, materials, and local differences, homeowners can confidently plan their renovations. 

Remember, improving your home isn’t just about money—it’s about creating a comfortable and durable living space. If you’re ready to upgrade your home’s exterior, our experts are here to help every step of the way. Contact us today to get started!

FAQ

 

1. How much does new siding cost?

The cost of new siding can fluctuate significantly based on several variables, such as the type of material chosen, the size of your home, and any additional features or customizations. Consider contacting reputable siding contractors for personalized quotes to get an accurate idea.

 

       2. How much does siding cost for a 2,000 sq ft house?

Estimating the siding cost for a 2,000-square-foot house involves considering various factors, including the type of siding material desired, any extra features like trim/insulation, and labor costs in your area. So, contact siding professionals who can offer customized quotes based on your needs.