Use a website that has a construction cost estimate calculator, such as Homewyse.com, to estimate the cost of wood siding in your area. The Homewyse calculator includes the cost of labor, installation materials, the actual wood siding and the equipment necessary to complete the job. The calculator also adjusts the estimate based on the square footage and location of the house. However, it does not include the cost of permits, sales tax, general contractor fees and any hazardous material fees.
You can also calculate the square footage of the outside facade of your home and multiply the cost of wood siding per foot by the total square footage. For example, as of October 2015, CostOwl estimates that fir, spruce or pine wood siding costs $5 to $6 installed, while cedar siding costs $6 to $7, redwood siding costs $6 to $8 and engineered wood siding costs $2.50 to $5 installed. Therefore, if the exterior of your house were 2,000 square feet, the cost for fir, spruce or pine wood siding would be $10,000 to $12,000 installed, while the cost of engineered wood siding ranges from $5,000 to $10,000. If you chose cedar, the approximate cost is $12,000 to $14,000, while redwood could cost as much as $16,000 installed.
To estimate the square footage of your house's facade, multiple the length of all four exterior walls of your house by the height of the exterior walls.