This year’s second major home improvement project – we’re having the house repainted. It was last repainted 12 years ago and is definitely due a fresh coat of paint by now.
The paint has cracked and loosened in some places, creating little pockets moisture. Peeling off that loose paint has exposed the siding boards behind, and there are spots where they are not at all in a good shape. (The crosses mean that these boards will be replaced.)
The parts where the loose paint has fallen off completely are actually in much better shape. Exposure to rain is not a problem; never drying out is.