Buying home with defective siding...
Hey I'm looking at a duplex right now with Louisiana-Pacific siding (LP siding, had class action suit that ended in 2002).
In the past when I see this siding I can use a little strength and pull off an entire piece of siding. This particular house seems to have held really well. It was built in 1990 and was recently painted. Looks new from far away and when you walk up to it you can notice a little warping but nothing like what I've seen in the past.
Has anyone ever bought a house with this type of siding? Is it possible to get many years from this siding with proper care and maintenance? What would be required? What should I look out for during an inspection? How much estimated to replace this siding on 3000sq ft home? Anything that would make replacing more expensive? Less expensive?
Thanks to anyone who has read this post this far. Basically looking for all info I can get on LP siding from an investor and contractors point of view. Most buyers simply avoid LP siding regardless of price in this area, I want to know if this is something I can turn into an opportunity or is it a money hole. All responses would be appreciated, thanks!
I don't have specific experience with LP siding. However, I would imagine any siding that is warping and losing its integrity would present a problem, particularly in an area with the moisture that Everett has. Your major issues would likely be the siding not doing it's job, with is keeping the elements away from untreated wood and materials. When that happens, you get mold, rot and loss of integrity of those surfaces. The presence of those things would be what would start jacking up your costs. If you tear off the siding and find that there is significant moisture issues underneath, then you start having to replace materials not included in the siding estimate.