Siding
Both have advantages. Having both, we found it much easier to do 'changes' in a sided house. But one thing we found is that the siding does become brittle as it gets older.
The cement type is harder to make changes,run wires etc. but does hold up.
Now saying that, they are not maintainace free and do get cracked from age or settle factors.
Like everything talked about here, it's what you want and what you feel comfortable with for now and the future.
aj
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