Replacing Your Windows Increases Home Value
Have you been saving up for a remodel for a while? Or maybe you just got a decent tax return, and want to make a good investment with it? There are all kinds of projects to tackle, from redoing the cracking bathroom tile to finally replacing that stained sink. However, it’s important to think about what project might get you the most “bang for your buck.” Some projects may be a big investment, but may not increase your home’s resale value by very much. Other projects are simpler and can give you a great return on your investment.
Thankfully, some people have already done the math on which projects are most valuable. The Remodeling 2017 Cost vs. Value Report measures the average cost of a remodeling project in an area, and then measures the average resale value that the project adds to a home. From there, it shows which projects add the largest percentage of resale value.
Some projects were more valuable than others. For example, in the Pacific region (that’s California, Oregon, Washington, Hawaii, and Alaska), the report found that adding a new backyard patio added about 62% of its cost to a home’s resale value. The bad news? The average cost of a whole new patio was nearly $60,000, meaning a loss of over $20,000 when it came to reselling the home.
Replacing with Vinyl Windows
Unlike a new patio, vinyl replacement windows recoup most of their cost. The report measured the average cost and then the value of replacing ten 3’x5’ double hung windows with vinyl, insulated, low-E coated windows. In the Pacific region, the recouped cost was over 92%! This means that you could keep 92% of the value of your newly installed windows when reselling your home.The project nearly pays for itself–and that’s not even counting how much you can save on electricity bills with your new, properly insulated windows.
That small 8% isn’t much to pay for the look and feel of gorgeous new windows. New windows can keep your home cooler in the summer and warmer in the winter, meaning that you have to run your heater or air conditioner less. This means great savings on your electricity bills, which are only going up. Installing new windows also provides work for local contractors, and can help increase the safety of your home. Newer windows are significantly more durable than old, single-pane windows and are much harder to break–not to mention new safety and locking features. New windows can also make any home look newer, cleaner, and more beautiful.
Call American Vision Windows today to have vinyl replacement windows installed. We even offer free in-home estimates. American Vision Windows offers several financing options to ensure that you get the home improvements that you need, including the HERO Program, which is a partnership between local governments and contractors to help homeowners pay for their energy-saving home improvements through their property taxes.
Call today to get beautiful, energy-saving windows that also increase your home’s resale value.