The Siding Blog

A siding estimates report was released to us today for New Jersey state. It clearly shows that vinyl siding estimates are once again #1 for the area.
This report shows homeowners that requested Vinyl Siding Estimates for New Jersey from the Contractors With Integrity Network™ (Cwin™).

ref.: Contractors With Integrity

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C-Win(tm) ESTIMATE REQUEST REPORT for New Jersey:
Stats: 255 logs ( 155 potential leads, 64 duplicates, 36 leads )
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FORMAT:
City State Zip – Date & Time
Estimates Requested
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[X] = Completely Submitted Lead – these are typically available to C-Win Contractors
[ ] = “Potential Lead” – a lead that may show up later
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[X] Midland Park NJ 07432 – Sat, Apr 25 ’09 10:08
Vinyl Lap Siding – Full Install, Vinyl Windows – Multiple Windows Install
Project Details: “We would like to replace the windows and get the siding at the same time. Our lot is 53X172. The front of our house is stone. We will need about 16 windows replaced.”
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[ ] Midland Park NJ 07432 – Sat, Apr 25 ’09 10:06
Vinyl Lap Siding – Full Install, Vinyl Windows – Multiple Windows Install
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[ ] Newton NJ 07860 – Fri, Apr 24 ’09 16:22
Vinyl Lap Siding – Full Install
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[ ] Midland Park NJ 07432 – Fri, Apr 24 ’09 13:34
Vinyl Lap Siding – Full Install
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[ ] Lyndhurst NJ 07071 – Fri, Apr 24 ’09 12:01
Fiber Cement Lap Siding – Full Install
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[ ] Toms River NJ 08753 – Fri, Apr 24 ’09 07:58
Vinyl Lap Siding – Full Install
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[ ] Closter NJ 07624 – Thu, Apr 23 ’09 17:36
Siding (General) – Full Install
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[X] Long Branch NJ 07740 – Thu, Apr 23 ’09 10:26
Vinyl Lap Siding – Full Install, Vinyl Shake Siding – Full Install, Fiber Cement Lap Siding – Full Install, Fiber Cement Shake Siding – Full Install, Soffits (General) – Full Install
Project Details: “Renovation project to include an addition and replacement of current siding. Current siding is fiber cement – assumed to be asbestos (installed mid-late 1960s) – over exterior-grade “fireproof” drywall(?)-type sheathing on house sides and back, wood on front and one area of vinyl. Approximately 350 SF wood and 1000 SF asbestos and 350 SF vinyl existing siding. Total new siding with addition = 1500-2000 SF (numbers are approximate and represent total wall areas, including window and door areas). Soffit = 200 SF. Cape cod style home with 1.5 floors.”
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In the Siding Leads blog yesterday they said if Cwin (ContractorsWithIntegrity.com) sold to Sears Siding or another similar national siding company, the projected sales would be around $73 million per year. Is this right?

“… $73,333,333 $ Proj. Closed Sales

$24,200,000 33% Profit / Year *no advertising costs included because Cwin would be the advertising.

$72,600,000 x 3 years *over 3 years

$121,000,000 x 5 years *over 5 years …”

ref. What IF Cwin sold to Sears Siding? | Siding Leads blog.

They further went on to say:

“… Cwin’s Good Lead Average Percentage over the course of the past 3 years is 94.15% Good Leads and 96.97% Good leads over the past 30 days …”

That’s almost ridiculous how awesome that is. If they can even get close to those numbers … that’s extremely impressive in our opinion.
Read the Full Story: What IF Cwin sold to Sears Siding? | Siding Leads blog

Vinyl Siding & Vinyl Replacement Windows have one of the best Cost vs. Value ratios (ROI) in this economy.

In a report by G.M. Filisko it is reported that “Remodeling magazine’s annual report shows that maintenance-related projects and moderately priced upgrades are providing stable paybacks, even in a slower market.” this is great news for siding market.

G.M. Filisko goes on to say, “Despite home price drops in many cities, remodeling projects are holding their own as a way for owners to add value.

Many people are wondering where their money will be safest during these uncertain economic times. When home owners turn to you for your expert advice, counsel them that some things never change: Investing in their home still pays off.

NATIONAL ASSOCIATION OF REALTORS® statistics show that home prices have fallen by an average of 7 percent nationally in the past year. But the value of home owners’ investment in remodeling projects has declined only 3.86 percent on average between 2007 and 2008, according to Remodeling’s 2008–2009 Cost vs. Value Report.

Remodeling produces the Cost vs. Value Report each year in cooperation with REALTOR® magazine. REALTORS® responding to a survey in midsummer said home owners could expect to recoup a national average of 67.3 percent of their investment in 30 different home improvement projects. At the height of the housing boom in 2005, home owners could expect to recoup a national average of 86.7 percent on projects.

Remodeling remains hot in 10 cities, where, on at least some projects, home owners can recover 100 percent of their costs. In Charlotte, N.C., for example, decks, midrange kitchen remodels, vinyl siding, and window-replacement projects all would net more than they cost, in respondents’ estimation. High rates of recovery were seen in both strong real estate markets and weak ones.
(continue reading…)