When it comes to deciding on a siding material for your home, stone veneer is a great choice, especially when it comes to return on investment (ROI). On average across the U.S., you can expect an ROI of 153.2% on manufactured stone veneer siding, meaning it will increase your home’s value. That’s an increase of 51% from last year. This is underlined by the fact that real estate experts say that siding is one of the most important aspects of curb appeal.
Yet, the ROI of stone veneer siding can vary from state to state. So depending on where you live will dictate the final profit you could make. However, Iowa is the only state where the ROI falls below 100% (97%) meaning that no matter where you are in the country, you are more than likely going to recoup your investment at the time of selling your home.
Let’s break down this data by state, and delve into why the ROI of this specific material is so positive.
Stone Veneer Siding Replacement ROI by State
Return on investment reflects the percentage of a project's cost that you can expect to recover when selling your home. A higher ROI indicates that you'll reclaim a greater portion of the project's expense upon resale. Take a look below at the map to see the various ROIs of stone veneer in your state.
We analyzed the data by city from Remodeling’s Cost vs Value Report to find the state averages. To achieve the state-by-state data we took the statistics available for the biggest city or cities in each state and calculated the median average percentage. Those states with only one city are mentioned in the graphic above. For a few of the states, there is no data available.
All the states analyzed show that manufactured stone veneer has an ROI of higher than 100%, except for Iowa, as previously mentioned. 18 of the states fall above the national average of 153.2%. Three states, Texas, Louisiana, and Arkansas, even reach above 200% which means homeowners in these states could more than double their investment in manufactured stone veneer when it comes time to sell their home.
Why Stone Veneer ROI Is So High
Enhances curb appeal
Stone veneer provides the look of real stone, adding a touch of natural elegance and sophistication to the exterior of a home. Homes with attractive exteriors are often perceived as better maintained and of higher quality, which can lead to higher offers from buyers. While it matches well with the overall style of the home’s architecture, stone veneer gives a rustic and traditional charm.
A natural insulator
While mainly chosen for its aesthetic appeal, stone veneer does have some insulation capabilities. Stone veneer siding has thermal mass, which means it can absorb, store, and slowly release heat. During the day, it absorbs heat from the sun, and at night, it releases the stored heat, helping to moderate indoor temperatures. This helps in maintaining a more consistent indoor temperature, reducing the need for excessive heating and cooling. This can help reduce energy costs, which in turn can help increase your home’s value.
Easy installation
Real stone siding requires professional masonry work. However, with stone veneer, this is not necessary. This can keep installation labor costs down. Yet it is still out of reach as your average DIY job and therefore is best left to the pros.
Low maintenance
While upfront costs are somewhat higher than other material options, stone veneer is highly durable and resistant to weathering, requiring minimal maintenance. Durability is a key selling point for buyers who want to avoid the hassle and expense of ongoing maintenance.
When Is a Siding Replacement Worth it?
If you’re considering replacing your siding, it is not always guaranteed that you’ll recuperate the costs. However, it is worth examining other reasons as to why it might be worth it.
Siding in need of repairs
If your current siding requires costly repairs and maintenance, potential buyers may view this as a red flag and be put off from taking on those expenses themselves in the near future. Also, if repairs are obviously necessary, this is most likely damaging your home’s curb appeal.
The end of your siding’s life
Depending on the veneer, stone siding may last 50 years or more than 100 years. Aging or deteriorating siding can also detract from your home's curb appeal. If your siding is clearly showing signs of needing to be replaced, it may be worth doing so, especially if the ROI is that of stone veneer.
Increased energy bills
Older siding material, especially damaged or poorly insulated options, can be a major contributor to energy loss. Energy-efficient upgrades, such as installing new siding with better insulation properties, can be a significant selling point for potential buyers. Consider this not only for selling but for your own home energy savings too.
Adam Graham is a construction industry analyst at Fixr.com. He has experience writing about home construction, interior design, and real estate. He communicates with experts and journalists to make sure we provide the most up-to-date and fact-checked information. He has been featured in publications such as Better Homes and Gardens, and written for various outlets including the National Association of Realtors, and Insurance News Net Magazine.