New siding worth it in this case?

[Noah Kellar]

Is it worth spending 16k on new LP smartside siding prior to an appraisal for a refi or heloc? Old home built in 1920 with original painted wood siding covered by aluminum (which seems to be costly these days). Roughly 1,600 sq ft. 2 stories.

The alternative is to repair, pressure wash & paint the property costing roughly 4k-6k due to the amount of labor. Aluminum has dent & holes in areas that will need to be addressed before painting.

I do not plan on selling for at least 5 years. The goal is to rent & refi. I would like to make sure the siding is presentable before paying for an appraisal. Thanks for any insight.