Repair siding as part of BRRRR.. Worth it?

[Cody Z.]

Currently rehabbing our first BRRRR and have been wondering whether it is worth adding new siding to the equation.

Wanted to ask everyone (appraisers very curious what you think 🤔) if when going for a cash out refi if replacing siding really moves the needle.

https://drive.google.com/drive/folders/1-3eFmQ4pJtk9fx6sg_qR8Y1RIjhXJkZI

My uncle thinks we can get the siding done for sub 3k for both units. My thoughts are if the siding is upgraded (see link above) the appraiser may be drawn to the higher end of the range for the comps (total gut and rehab inside so everything will be clean there).

Thanks in advance for your thoughts and help everyone!!

[Tyler Morris]

Those pictures look good! I would have to compare with sliding in the neighborhood... you could put that same 3k in something better to increase appraisal... maybe some landscaping and street appeal. HOWEVER, if the numbers make sense...GO for it!  (not an appraiser) 

https://www.redfin.com/resources/how-to-increase-your-home-appraisal-value