If you want to prioritize your home improvement efforts, try looking for something that is going to offer the best possible return on investment. Even if you aren’t planning to sell your home in the near future, this is something that is well worth keeping in mind. A deeper look at the subject will put windows close to the top of the list. There are a couple of reasons as to why that is the case.
The Value of Windows
Windows represent an impressive financial commitment. At NorthShield Windows and Doors, we can tell you that this investment can run anywhere from a few to several thousand dollars. On the high end of things, homeowners can spend as much as twenty-thousand dollars on window replacements. This isn’t meant to scare you off. It’s just important to understand that the initial investment can strike you as a little pricey. That’s fair. However, when you have a better understanding of the value windows add to a home, it becomes easier to appreciate why the costs can be a little intimidating.
The Benefits of Window Replacement
One of the nice things about window replacement is that the initial investment is pretty much it. Yes, you may pay a little more for the windows, as well as for the work involved in having them professionally installed. Once installed, windows have the potential to last for decades. Good windows are built to stand the test of time. While weather can certainly be a problem for doors and windows sometimes, the current crop of products in both those categories are built to take a lot more than you might realize. With simple maintenance, your new windows are going to be there for you for a long time.
The value of new windows goes beyond the point mentioned above. While you may not currently have plans to sell, the value of your home is still something that should be taken seriously. You may decide to sell in 2, 3, or even 5 years. New windows also improve the overall curb appeal of your neighborhood. Both of these benefits are tied into the fact that home buyers love new windows. They will see your home as something you are seriously passionate about, which gives your home a well-cared-for appeal.
Potential buyers also like the fact that someone else already took care of a major investment for them. Buyers often consider the costs of potential window replacements in their budget for buying a home. If they learn that you have already had the windows replaced recently, they will feel as though someone just took a huge weight off their shoulders.
What Do New Windows Really Mean?
Let’s say you spend about $15,000 on your new windows. I know, that sounds like a lot of money. However, if you are planning to sell your home, you can expect new windows to add around $11,000 to the overall value of your home. We are talking about a return-on-investment of approximately 74%. For those who are serious about selling their home, that is one of the best ROIs that you are going to come across.
New windows can lead to substantial energy savings. There are a number of fantastic, energy-efficient, and green-friendly window replacement products available today. This is one of the reasons as to why the ROI on new windows is so strong. Energy-efficient windows can help to make your home more efficient at retaining hot air during the winter, and cool air during the summer. This can create some pretty amazing energy saving which are going to kick in almost immediately. Why wouldn’t they?
New windows can also make your home safer. This is something else that will certainly appeal to a potential buyer. At the same time, we are also talking about a benefit that you are going to be able to enjoy, as well. It doesn’t get much better than that.
We still haven’t even really gone into detail on the subject of curb appeal. We touched on it earlier, but understand that new windows are a powerful, straightforward way to completely transform a home. On the other hand, you can also use new windows to bring the home’s current aesthetic into something that will make you feel safe and cozy in your home.