How much for vinyl residing of house

[lawren2 Malibu Beach Barbie & A Super Moderator Find all posts View Profile Close lawren2]

Just so I don't fall over dead when I get the estimates, How much should we expect to pay to

a) strip down the house and install new insulation, vinyl siding and new windows?

b) go right over the existing wood siding and do above?

The house is a split level. All the kitchen windows are new but the rest are not. I would need 19 regular double hung windows and 3 bay windows. Someone told me not to do siding without doing windows as it would damage the siding to have it done later.

I think I read somewhere that there are tax credits for doing these types of projects for this years filing?

I also will need to talk DH into equity loan for the project so we can deduct interest.

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

You will fall over dead. I had my house sided in 1991 along with a new roof (over existing) and it cost me just under 10 k(I got a new storm door too and did some hard bargaining). Windows are expensive and maybe Bruce could give you a good idea as to what that would cost. Today's cost would undoubtedly be higher. As with everything else, get several estimates and bargain hard.

[lawren2 Malibu Beach Barbie & A Super Moderator Find all posts View Profile Close lawren2]

You will fall over dead. I had my house sided in 1991 along with a new roof (over existing) and it cost me just under 10 k(I got a new storm door too and did some hard bargaining). Windows are expensive and maybe Bruce could give you a good idea as to what that would cost. Today's cost would undoubtedly be higher. As with everything else, get several estimates and bargain hard.

I thought so. But it needs to be done. The current argument is whether to do home equity loan.....although we have cash to pay for it, or most of it, I think it would be in our best interest to borrow it and pay it back.

Any thoughts on this?


Here is the tax credit info for fed taxes:

Tax Credits for Consumers:
Home Improvements
The Internal Revenue Service (IRS) has provided guidance for consumers: IRS Notice 2006-26 ENERGY STAR is studying IRS guidance and will update this website with updates soon.

Tax credits are available for many types of home improvements including adding insulation, replacement windows, and certain high efficiency heating and cooling equipment. See chart. The maximum amount of homeowner credit for all improvements combined is $500 during the two year period of the tax credit. This tax credit applies to improvements made from January 1, 2006 through December 31, 2007.


Only $500 but better than nothing.

[Glitter Brunello Super Moderator Find all posts View Profile Close Glitter Brunello]

Lawren,

We are in the same boat. I am expecting an estimate next week. Last time we decided to skip it, and painted instead; that cost $6K (for a small house). So I keep reminding myself that the siding will be worth it in the not-too-long run. I'm afraid I'm not much help in the loan v cash decision, though.

Avery

[lawren2 Malibu Beach Barbie & A Super Moderator Find all posts View Profile Close lawren2]

Lawren,

We are in the same boat. I am expecting an estimate next week. Last time we decided to skip it, and painted instead; that cost $6K (for a small house). So I keep reminding myself that the siding will be worth it in the not-too-long run. I'm afraid I'm not much help in the loan v cash decision, though.

Avery

Avery yes my DH wants to have it painted. I figure for 2 or 3 times the price we will get it sided and be DONE.

Let me know when you get a price please.

I have a call into the contractor that is very popular with my neighbors and friends and Sears and one other. Nothing scheduled yet though.

I really should see what the equity loans are going for but want to wait until I know how MUCH I need.

[BoardGirl Senior Member Find all posts View Profile Close BoardGirl]

We went with Sears last year. Installed over wood siding, included insulation. One story house: $8k

Indiana also offers a tax break, so we got a $1000 deduct. I plan to slowly replace windows and doors at, oh, say, barely over $1000 each time...

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

Vinyl siding is not "maintenance free". It still has to be washed from time to time and sometimes a heavier cleaning is required in shaded areas. It is a lot better than repainting periodically tho.

[CaliDave Super Moderator Find all posts View Profile Close CaliDave]

My bro just got a 2nd through Quicken Loans.. Very Very easy process..

He got a loan for about $38K, 15yr at 6.55%, but had to pay 2 points to buy the interest rate down that low. It $380 per point, so It'll save in the long run. The loan and closing fees were about $400

If he didnt buy down the rate it would have been around 7.5%, I think..

He never had to leave the house with quicken loans all done by internet and email. It took about 12 days from start to the time he got the check.

The closing agent met him while we were all in Scottsdale at my timeshare to sign the paperwork.

This probably wouldn't be the best deal for only a $10K loan.. as fees would end up costing you a larger percentage.

[lawren2 Malibu Beach Barbie & A Super Moderator Find all posts View Profile Close lawren2]

My bro just got a 2nd through Quicken Loans.. Very Very easy process..

He got a loan for about $38K, 15yr at 6.55%, but had to pay 2 points to buy the interest rate down that low. It $380 per point, so It'll save in the long run. The loan and closing fees were about $400

If he didnt buy down the rate it would have been around 7.5%, I think..

This probably wouldn't be the best deal for only a $10K loan.. as fees would end up costing you a larger percentage.

Just a quick scan of NY State reveals this deal from BoNY

Here’s a great opportunity to lock in a remarkably low rate of 6.49% fixed APR
Loan amounts from $10,000-$500,000 and more • 2 to 10-year terms available • No points, fees, or closing costs • Finance charges may be tax deductible** • No pre-payment penalties
• Fixed monthly payments
But hurry, this special rate is only available
until May 31, 2006.
To apply, call 1-800-HOUR-LOAN

We have a relationship with them and there is a branch on every other block here. That is their offer thru the end of May. I would hope I could get estimates within a month.

Of course I would have to check with my credit union and the current mortgage holder, USAA, to see if they offer anything sweeter.

PS Avery those rates are good on Long Island as well.

[lawren2 Malibu Beach Barbie & A Super Moderator Find all posts View Profile Close lawren2]

We went with Sears last year. Installed over wood siding, included insulation. One story house: $8k

Indiana also offers a tax break, so we got a $1000 deduct. I plan to slowly replace windows and doors at, oh, say, barely over $1000 each time...

OK I can work with $12k ish for the siding and insulation. The windows are scaring me though.....can you really do them later? I figure they run about $500 each for plain double hungs. If so I would do the top floor 8 now and the lower areas later on. I'm sure the bays will be pricey.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

We're in for some of the same ourselves.

We are waiting for the adjustment figures from the March spats of tornadoes, wind and hail. We need a new roof, including the roof over our back screen porch (Ozark room), new screen, new siding on one side, and some other stuff.

We already have a crew of union carpenters, etc., lined up to do it for extra $$$ on their weekends. Well, $$$ plus lake privileges.

We're going to look at all the possibilities from just replacing what was there to upgrading it all.

[Carol C Senior Member Find all posts View Profile Close Carol C]

Vinyl, ugh. Have you considered installing HardiePlank or one of its clones? Has a much nicer look & is more environmentally friendly too.

[Glitter Brunello Super Moderator Find all posts View Profile Close Glitter Brunello]

Vinyl, ugh. Have you considered installing HardiePlank or one of its clones? Has a much nicer look & is more environmentally friendly too.

Carol,

I am looking at a vinyl that looks like clapboard. Can't speak to green issues, but it looks great. Comes in a wider plank, too. Our village has pretty stringent standards, the Architectural Review Committee likes the stuff. Does HardiePlank need to be painted?

Avery

[taffy19 Gold Contributor Find all posts View Profile Close taffy19]

In Oregon, our neighbors dealt with mildew with their vinyl paneling and the contractor had to do it over on several houses in our cul-de-sac. People are now using something that is made of cement and it looks so much nicer.

I haven't seen it yet in CA because that's what we want to do too. We are tired of painting ourselves and when we hire a painter, he doesn't prepare the wood properly so it needs doing again so often and is expensive too. Our house has way too much wood but it looked so nice when we bought it new because the wood was rough sawn. Now it looks a mess with so many layers of paint on top of each other.

[BoardGirl Senior Member Find all posts View Profile Close BoardGirl]

I realize that vinyl may not be for everyone, but it was the affordable, low maintenance option for us. Hiring painters is way too expensive, yet, it takes a long time to do it ourselves to do it Right. I hated that the house we fell in love with was wood siding. It quickly became apparent that the pretty blue paint job was basically slopped on top of dark red. What a mess. Now, we have our bright pretty blue forever more.