To paint or to re-side?
Hello everyone! I'm so delighted to find this forum on Garden Web. I've posted on other boards, but not yet here. So, hello! I'm sure I'll be spending lots of time reading archived messages to catch up on a wealth of information. So, here's my question. My husband and I bought an 1890's farm house two years ago that had been completely gutted and remodeled inside. Simply gorgeous. However, the outside of the house has been costing us some pretty big chunks of change, and I haven't even gotten to the problem of the peeling paint on the wood siding yet. Knowing that I need to maximize on cost and time efficiency, and ultimate resale value, I'm not sure whether to re-paint, or re-side it.
Our costs to date:
Re-roof front section of house due to massive leak (re-frame and new rubber roof): Insurance covered lots, we paid about $7,000 (what a fun introduction to owning a home)
Install new retaining wall along driveway: $6,000 (contractor scheduled for later this fall)
We are both in non-profit environmental education type jobs, so this is a very significant amount of money for us, especially in just two years.
Big DIY projects I've finished so far:
Strip and re-paint front porch (in progress actually, ugh)
Install gutters on front porch
Power wash and re-seal the back deck
Landscape 1,000 square foot area to native plants and bushes
I have learned some things in my two years of homeownership.
1. To figure out how much time it takes to finish a project, take the number in your head and multiply it by twelve.
2. The people who say owning a home is the best investment ever are part of some clandestine cult to get other people to suffer the money pit syndrome with them.
OK, all of that introduction aside, I am trying to figure out what will be the most cost and time efficient way to deal with my siding, which is a horrific color and is also peeling its paint. Here's my problem. With all the money we've already dumped into the house, I am really not able to sink a ton into the siding. My gut tells me to re-side the thing in fiber cement. It's the most eco-friendly siding out there, it has very minimal maintenance, and I could pick a better color and buy the stuff that has pigment mixed into the boards.
But, I suspect that will be extremely expensive. Now, on the flip side, I could re-paint the siding. Knowing how long it has taken me to do other, smaller projects, I seriously cannot plan to re-paint the house myself. There's just no way. It would take me years. So, do I pay someone to re-paint it for me? And how much is that going to cost me? And, will I just have to keep re-investing that cost every five years or so?
Any help or advice is much appreciated. Here are some photos of the house. It has a mansert style roof, and the size indoors is just over 2,000 square feet. Not sure how many square feet of siding I have.
Front, from street (West side)