Replace siding or attempt repair?

[Chris Mackinlay]

Hi BP.

I need some repair guidance.

I am closing on a house next Friday. The lender is requiring repairs to the siding. They need to see the chipping paint scraped and the house repainted.

My contractor is recommending the house be resided with some T-111 because the bottom part of the siding, about knee height and down has some rot and he doesn't think we can find the same style siding to match.

He said we could try scraping, then apply an oil based primer to seal the rot, then paint, but he isn't recommending it.

The cost to reside the entire house is approx $4k. Not huge, but not insignificant either.

Any thoughts or experience would be greatly appreciated!