My house is 100+ years old and I think the windows are original with the weights and the little cords on the outside. I replaced a couple windows myself because the quotes I got from companies were through the roof.
The siding is also wood and different parts of the house need constant work.
The siding estimate was around $40,000 which is a large chunk of change. Is it worth it to cash out refi the house to pay for siding and help pay for windows?
I would not be selling the house but wouldnt all the work to the house be good work that makes the value of the house go up?
I would be doing the windows myself to save some cost before and so the siders can cap all the windows.
Is this worth all the hassle or should I just deal with all the wood siding slowly falling off and painfully finding people to replace different spots?
@Mitchell Litam $40K!!! Is this an apartment building? I would get some more quotes unless your house truly is a mansion. Wood siding in poor conditions is likely not worth the hassle of constantly maintaining, go over with siding will leave you worry free for a long time and will increase the value. Repairing wood siding is not a cheap task as well (especially if you want repaired areas to match rest of house) and will ultimately run the risk of future repairs.
@Shawn M. I thought it was $40 but now I am second guessing it to be about $25k. Its 3115 sq ft and three stories high and a pretty large property. Repairing wood is not cheap and more frustrating to find people because it is such a small job and seems no one wants to do that. However, you are saying its a good idea to do that?
@Mitchell Litam no I am suggesting wood siding is a hassle to maintain. In many cases it is best to cover wood siding with new siding. The new siding may cost more but long term it will save a bunch. Wood siding is costly to fix and starts becoming a yearly task. What is the use of this property; buy and hold, primary etc?
Another vote for siding due to the possibility of lead paint chips contaminating the soil at the base of the house. Old windows are also a source of lead paint dust. If there was a child living in your property who had elevated levels of lead in his blood and a risk assessment was done, the test would swab areas inside of the windows. A lab test would indicate if there was lead dust present. Any paint chips on the ground would fail the risk assessment and require additional testing.
Windows and siding are 2 items I like to see complete on a purchase of a rental property. If not they are addressed prior to a tenant move in. I am doing windows right now on a recent buy in the city of Cleveland. Just my 2 cents.
Thanks guys! WIll definitely look into that!
Its a duplex so its both a primary and a rental.
@Steven Dragmen As a local guy any one you like in terms of siding? Ive gotten quotes by empire, garfield, and a couple other people.
You might want to replace the windows before you side it...