Your home’s value can increase or decrease over the years, depending on the market and how well you take care of it. . One of the most effective ways to boost the value of your home is by looking to invest in new windows. Window replacement might seem costly at first—an upscale window replacement project can fall between $15,000 to 19,000—but when you think of how much it can affect your property value in general, this is a smart investment. Over time, new windows can pay for themselves, especially if you go about the project the right way.
Cost vs. Value: Window Replacement (Vinyl and Wood)
First things first: getting new windows for your home can amount to significant returns on investment. If you spend $15,282 to replace your old windows with new vinyl windows, your home could increase in value by over $11,000. This represents an ROI of as much as 73.9%, which is an excellent financial payoff. Wood window replacements priced at $18,759 offer a resale value of roughly $14,000. This represents an ROI of 73%, which is approximately the same as vinyl.
Why Invest in Window Replacement?
Are the other reasons you can think of to invest in window replacements-- other than bumping up your home’s total value? Take a look at these notable benefits:
- Energy Efficiency – Today’s windows come with innovative components that make them truly energy-efficient. They have the ability to reduce your utility bills when it comes to lighting and heating, so that you’re not only boosting your home’s value, but paying even less in annual bills.
New roofing and windows can definitely increase your home valu. But how can you make the most of these home improvement investments? Check out some expert tips in the last part of this three-part blog!
- Improved Aesthetic Appeal – First impressions matter; as with the roof, your home’s windows are one of the first things people notice. New windows prevent drafts and minimize damage from excessive moisture in the home by providing better ventilation. They also bring a fresh look to the home in numerous styles, colors and sizes to complement just about any architectural design.
- Lighting Enhancement – Natural lighting is one of the many unsung benefits of windows. By replacing your worn-out units, you can significantly improve your home’s lighting. This can also allow you to save on artificial lighting costs and give your indoors a better, brighter aesthetic.