What is the value of new siding on a 20 year old house?

Saskatchewan, Canada


The following excerpt is from Mayes v. Paul Lalonde Enterprises Ltd., 2005 SKQB 65 (CanLII):

New siding on only two walls of a 20-year-old house likely does not significantly increase its resale value. The plaintiffs mitigated their losses by replacing the siding on only two walls of their house so they have not obtained a significant benefit at the defendant’s expense. Unfortunately, no evidence was adduced by the parties that addressed this issue. Most of the focus at trial was on the liability issue. But as indicated in Prebushewski v. Dodge City Auto (1984) Ltd., supra, the court is required to take such factors into account, including salvage value and the like in cases where such value exists.

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