Does fixing up the exterior of the house increase value?

[Mitchell Litam]

This might be a dumb question.

I have an old house with wood siding. The paint is starting to chip and one piece actually fell off from being rotten. I dont have problems with drafts in the house or have any inefficient heating or cooling bills.

I got a quote to repair all the siding and repaint everything for $7500.

Does this increase the value of my house when I go to sell it?