Fiber Cement Siding: Worth the Investment? - MSN Money | Canada News Media
Connect with us

Investment

Fiber Cement Siding: Worth the Investment? – MSN Money

Published

 on








© Provided by Millionacres
Fiber Cement Siding: Worth the Investment?

A property’s exterior says a lot about it, and investing in the right siding can help attract buyers and help a home sell quickly. That’s good news whether you’re selling your own home or flipping a house to sell.

But which siding material should you choose? If your goal is to make your property look more attractive while increasing its resale value, fiber cement could make a lot of sense.

Fiber cement vs. other siding

A few key ingredients go into fiber cement siding:

  • Water
  • Wood pulp
  • Fly ash or silica sand as filler
  • Portland cement

Fiber cement is a popular siding option for a few reasons. First, fiber cement is extremely durable, and if installed correctly, it’s designed to withstand harsh weather conditions.

Fiber cement also looks great. Often, it mimics the look of painted wood, only it doesn’t require nearly the same level of maintenance as wood siding, which can rot over time. Wood is also subject to termite damage, whereas fiber cement is not.

The one thing fiber cement doesn’t always do the best job of, however, is insulate. In that regard, you may be better off with vinyl siding. But from an aesthetic standpoint, you might feel fiber cement offers a more natural look than vinyl.

What’s the cost to install fiber cement siding?

The average cost to install fiber cement siding is $19,700, according to the National Association of Realtors (NAR). That’s definitely more expensive than vinyl siding, which costs $15,800 on average.

On the other hand, with fiber cement siding, you’ll get a better return on investment. The NAR reports that those who install fiber cement add $15,000 of resale value as a result, which means they recoup 76% of their investment. With vinyl siding, the cost recovery is just $10,000, which means 63% of that investment is recouped.

Should you install fiber cement siding?

Fiber cement siding looks attractive and has a relatively high cost recovery value. If your existing siding is worn and needs to be replaced or you’re completely flipping or building a house from scratch that needs siding, it’s worth looking at fiber cement, as it may offer more aesthetic appeal than vinyl.

That said, if you’re thinking of installing fiber cement siding for a home you plan to live in yourself, you should know there will be more maintenance involved. With vinyl siding, you’ll usually just power-wash your exterior once or twice a year to keep it clean. Fiber cement siding, however, may need to be recaulked or repainted every few years, so make sure you’re up for that level of maintenance (or have the means to outsource it) before moving forward. In addition to that, prepare to power-wash your fiber cement siding once or twice a year the same way you would vinyl siding.

The bottom line

All told, fiber cement could be a great addition to your home, one that contributes to its curb appeal for many years to come. The fact that it could add resale value is certainly something to factor into your decision.

Get the ‘Dirt on the real estate market

Are you looking for the next hot real estate market? Want to know how new rules and regulations could impact your next home purchase or real estate investment? Would you like to find out which improvements to your property will get you the most bang for your buck? We cover all these things and more in our newsletter, Paydirt.

Sign up here to get our best insights delivered to you.

The Motley Fool has a disclosure policy. Editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Editorial content from Millionacres is separate from The Motley Fool editorial content and is created by a different analyst team.

Continue Reading

Let’s block ads! (Why?)



Source link

Continue Reading

Economy

S&P/TSX composite down more than 200 points, U.S. stock markets also fall

Published

 on

 

TORONTO – Canada’s main stock index was down more than 200 points in late-morning trading, weighed down by losses in the technology, base metal and energy sectors, while U.S. stock markets also fell.

The S&P/TSX composite index was down 239.24 points at 22,749.04.

In New York, the Dow Jones industrial average was down 312.36 points at 40,443.39. The S&P 500 index was down 80.94 points at 5,422.47, while the Nasdaq composite was down 380.17 points at 16,747.49.

The Canadian dollar traded for 73.80 cents US compared with 74.00 cents US on Thursday.

The October crude oil contract was down US$1.07 at US$68.08 per barrel and the October natural gas contract was up less than a penny at US$2.26 per mmBTU.

The December gold contract was down US$2.10 at US$2,541.00 an ounce and the December copper contract was down four cents at US$4.10 a pound.

This report by The Canadian Press was first published Sept. 6, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Economy

S&P/TSX composite up more than 150 points, U.S. stock markets also higher

Published

 on

 

TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in technology, financial and energy stocks, while U.S. stock markets also pushed higher.

The S&P/TSX composite index was up 171.41 points at 23,298.39.

In New York, the Dow Jones industrial average was up 278.37 points at 41,369.79. The S&P 500 index was up 38.17 points at 5,630.35, while the Nasdaq composite was up 177.15 points at 17,733.18.

The Canadian dollar traded for 74.19 cents US compared with 74.23 cents US on Wednesday.

The October crude oil contract was up US$1.75 at US$76.27 per barrel and the October natural gas contract was up less than a penny at US$2.10 per mmBTU.

The December gold contract was up US$18.70 at US$2,556.50 an ounce and the December copper contract was down less than a penny at US$4.22 a pound.

This report by The Canadian Press was first published Aug. 29, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Investment

Crypto Market Bloodbath Amid Broader Economic Concerns

Published

 on

The crypto market has recently experienced a significant downturn, mirroring broader risk asset sell-offs. Over the past week, Bitcoin’s price dropped by 24%, reaching $53,000, while Ethereum plummeted nearly a third to $2,340. Major altcoins also suffered, with Cardano down 27.7%, Solana 36.2%, Dogecoin 34.6%, XRP 23.1%, Shiba Inu 30.1%, and BNB 25.7%.

The severe downturn in the crypto market appears to be part of a broader flight to safety, triggered by disappointing economic data. A worse-than-expected unemployment report on Friday marked the beginning of a technical recession, as defined by the Sahm Rule. This rule identifies a recession when the three-month average unemployment rate rises by at least half a percentage point from its lowest point in the past year.

Friday’s figures met this threshold, signaling an abrupt economic downshift. Consequently, investors sought safer assets, leading to declines in major stock indices: the S&P 500 dropped 2%, the Nasdaq 2.5%, and the Dow 1.5%. This trend continued into Monday with further sell-offs overseas.

The crypto market’s rapid decline raises questions about its role as either a speculative asset or a hedge against inflation and recession. Despite hopes that crypto could act as a risk hedge, the recent crash suggests it remains a speculative investment.

Since the downturn, the crypto market has seen its largest three-day sell-off in nearly a year, losing over $500 billion in market value. According to CoinGlass data, this bloodbath wiped out more than $1 billion in leveraged positions within the last 24 hours, including $365 million in Bitcoin and $348 million in Ether.

Khushboo Khullar of Lightning Ventures, speaking to Bloomberg, argued that the crypto sell-off is part of a broader liquidity panic as traders rush to cover margin calls. Khullar views this as a temporary sell-off, presenting a potential buying opportunity.

Josh Gilbert, an eToro market analyst, supports Khullar’s perspective, suggesting that the expected Federal Reserve rate cuts could benefit crypto assets. “Crypto assets have sold off, but many investors will see an opportunity. We see Federal Reserve rate cuts, which are now likely to come sharper than expected, as hugely positive for crypto assets,” Gilbert told Coindesk.

Despite the recent volatility, crypto continues to make strides toward mainstream acceptance. Notably, Morgan Stanley will allow its advisors to offer Bitcoin ETFs starting Wednesday. This follows more than half a year after the introduction of the first Bitcoin ETF. The investment bank will enable over 15,000 of its financial advisors to sell BlackRock’s IBIT and Fidelity’s FBTC. This move is seen as a significant step toward the “mainstreamization” of crypto, given the lengthy regulatory and company processes in major investment banks.

The recent crypto market downturn highlights its volatility and the broader economic concerns affecting all risk assets. While some analysts see the current situation as a temporary sell-off and a buying opportunity, others caution against the speculative nature of crypto. As the market evolves, its role as a mainstream alternative asset continues to grow, marked by increasing institutional acceptance and new investment opportunities.

Continue Reading

Trending

Exit mobile version