Will Replacing Your Windows Increase Your Property Value?
Replacing windows is a project that very few homeowners look forward to. It’s a significant investment that doesn’t seem like it will add as much value as installing a luxury master bath or a chef’s kitchen. Those projects photograph beautifully and feel like a dramatic change. However, tackling the less glamorous pieces of home renovation, such as window replacement, will increase your property value when it’s time to sell your home. In fact, avoiding this upgrade may not only decrease the value of your home, but it may even cost you the sale if problems come up during inspection.
What is the Return on Investment for Window Replacement?
There are plenty of variables, but if you are planning to list your home for sale after a window replacement project, you can expect your home’s value to increase, and give you a return on investment of approximately 80%, so if you invest $10,000 in a window replacement, you can expect to get about $8,000 more when you sell your home. As home improvement projects go, this is a pretty good investment when preparing to list your home. In addition, a home with new windows will attract more buyers, since they know it’s not a project they’ll have to take on, and it will help ensure that no problems with the windows are found during an inspection. Curb appeal plays a big role in how quickly your home will sell and what the ultimate sale price will be. If your windows are nearing replacement, taking care of it before listing your home is a smart move when considering what’s at stake.
When Should You Replace Your Windows?
Windows last about 15-20 years, so if your windows are in that range or older, it’s probably time. In addition, you may notice that your windows are drafty. Air leaks are a sure sign that you need to address your windows. You should also keep an eye out for window sticking, warping, bending, discoloration, or softness in the sashes and frame. Any of these things mean that moisture has gotten into the wood, and if there isn’t visible rot yet, there will be soon. If your windows are younger than 15 years and you notice any issues, repair may be an option. But if they’re getting close to that age, replacement is probably the smarter choice.
What are the Other Benefits of Window Replacement?
In addition to adding value to your home when you are ready to sell, there are plenty of benefits you’ll enjoy while you still own your home. Many times it makes sense to tackle the window replacement about a year or two before you list your home. You’ll get to enjoy the energy savings and you will still get the increased home value when you list your home. New windows can save you around 12% in your energy bills. Lower energy bills won’t recoup the cost of investment, but over time, they will add up to a nice savings. You may also get tax credits for energy-efficient upgrades.
You can’t expect to recoup your entire investment after a window replacement project. However, new windows can attract buyers to your home and increase the sale price. A home with updated windows is a home that has been well cared for, and that will always attract the right kind of buyer. If you’re thinking about replacing your windows, contact Armorvue Home Exteriors to set up a virtual appointment to talk about how we can help. With decades of experience in the exterior home improvement industry we are the local choice for all of your exterior upgrades.
“We have saved 25% on our energy bill per month since installing windows, which blew my mind.”
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