Brick vs. Fiber Cement Home
| Based on a 2,100 s/f Heated Home |
Monthly Payment |
Monthly Savings |
| Homeowner increase in loan payment for $7,000 cost of adding brick 30 years @ 4% interest rate |
$33.42 |
- |
| Energy Savings of 8% on a $300 Light Bill |
- |
$24.00 |
| Insurance Savings up to 11% on a $68.00 monthly Insurance Premium |
- |
$7.48 |
| Total |
$33.42 |
$31.48 |
| Cost of Using Brick after Savings |
$1.94 |
- |
Additional Savings of Brick over Siding
| Pressure wash cement siding house every 5 years @ $350.00 x 6 times in 30 years |
$2,100.00 |
| *10% higher resale based on $239,000.00, because siding houses not maintained properly in many cases. |
$23,900.00 |
| Needs repainting every 10 years: $4,200.00 x 3 over 30 years |
$12,600.00 |
| Total Potential Savings Based on 30 Year Mortgage, Resale |
$38,600.00 |
*In some cases brick houses resale 25-30% higher than the same houses with siding.
*In some cases brick houses resale 25-30% quicker than the same houses with siding.
