Some consider window replacements to be vanity projects – something that will make a home more beautiful, but provide little in the way of practical benefit. But this isn’t true at all – windows provide a great deal of value. A more sensible to look at window replacement is to evaluate it as an investment. Let’s look at some of the returns on investment that new windows can provide:
Today’s replacement windows do more than provide a view: They help to manage the temperature inside your home. Special coatings on window glass are very effective at reflecting away heat – or trapping it – when needed; these can coatings vary depending on factors such as your climate, your home’s orientation to the sun, your heating and air system, and more. After evaluating your home, your window professional will help you select the right window and coating for each place on your home.
The goal is to minimize the amount of work heating and air systems have to do to maintain a comfortable temperature. If your home is more likely to overheat in the summer than freeze in the winter, the window coating will reflect away more heat; you’ll require less air conditioning. In colder climates, windows will allow in more heat, so your heater will have less work to do. The money you save on each month’s energy bill will offset your initial investment in the replacement windows.
Replacement windows can provide a cleaner, more modern look for both your home’s interior and exterior. This is truer today more than ever, as window manufacturers offer a dizzying array of styles, colors, and finishes. (Thankfully window manufacturers also offer tools that help potential buyers visualize how windows would look on a particular home; Renewal by Andersen of Central NC is one example.)
Choosing the right replacement windows can boost any home’s curb appeal. And curb appeal doesn’t just matter to you: It matters to potential home buyers. Boost your home’s curb appeal, and you’re likely to attract more potential buyers. Attract more potential buyers, and you’re likely to receive competitive offers – you can see where this is headed…
Impact on Home Value
It should be no surprise that a more comfortable, more energy-efficient, and more attractive home is worth more money. The question is, how much more? Per cnbc.com, a $10,000 expenditure on new windows can yield an $8,500 increase in asking price. Looking at it another way, this expenditure on new windows would be equivalent to increasing your home equity by $8,500; you make 85% of your investment back right away.
Now let’s revisit your energy savings return on investment. Per energystar.gov, replacing single pane windows with ENERGY STAR windows can save between $126 and $465 a year. Splitting the difference yields a figure of about $300 per year; at this rate of savings, you’ll make up the remainder of your original investment back in five years – just a fraction of the projected lifespan of replacement windows.
When you add it up, replacement windows are a sound investment – not to mention one you get to enjoy each and every day.