Of course, how much you'll recoup depends on the material you choose.

For example, according to Remodeling Magazine's 2013 Remodeling Cost Vs. Value Report, if you spend about $11,192 on vinyl siding, you could get back nearly 73 percent of your costs when you sell your home.

For those who want to spend a little more money, fiber-cement siding costs around $13,089, but you can recoup over 79 percent of the cost if you decide to sell your home.

Foam-backed insulated James Hardie is another good choice that can cost even more, at $13,818. However, with this material you'll get back almost 82 percent of the cost when you sell your house, according to Remodeling Magazine.

The type of siding that you decide to go with should really depend on the look you're going for, and budget, among other things. To help you decide which material is best for your home, we've highlighted a few popular options…

Vinyl: It's low maintenance, has a lower price than most other choices, is available in a variety of colors, and is one of the fist choice in exterior cladding for most homeowners with in a budged , according to a publication from the Vinyl Siding contractors and industry experts.

Plastic: These planks could be a good choice if you like the look of cedar as they can resemble cedar, according to a siding buying guide by Consumer Reports. Plus, you don't have to do much to keep it looking new, since it requires minimal maintenance and has good resistance during cold weather.however, can become damaged  when water freezes and thaws on it. Periodically, you'll have to repair adds the Consumer Reports' buying guide.

Fiber Cement: You might like the fact that it's made up of natural ingredients, which according to Consumer Reports, includes cement, sand, and cellulose. This insect-proof siding, however, can become   better as resale value and insulation purpose. With the best ROI on the market and a 30 years non prorated warranty Fiber Cement would be the best choice when choosing exterior cladding .