Savvy homeowners know that you must consider both the cost and potential ROI of any home improvements.
Many home improvements, like kitchen or bathroom upgrades, can pay off big time in the long run. Other home improvements just aren’t worth it.
One improvement that many homeowners neglect is the windows in their home. But the question is, are new windows worth the investment?
Read on for a closer look at the cost of new windows and why this important upgrade might be right for you.
Why You Need New Windows
Whether you realize it or not, your windows are one of the most important features of your home. Your home’s windows allow you to see the outside world, provide natural light, and fulfill important structural and insulation needs.
Homes in both hot and cold climates can benefit from more energy-efficient windows. Replacing older single or double pane windows with Energy Star rated windows can save you hundreds of dollars each year on heating and cooling costs.
New windows can also significantly improve the look and feel of your home — especially if you have an older home with single-pane aluminum windows.
The Cost of Replacing Windows
Replacing the windows in your home is a relatively low-cost investment compared to many other home improvements.
For standard size windows in an average home, be prepared to spend at least $700 per window. This price includes both the cost of the window and the cost of labor to remove the old window and install the new one.
If you have an older home with wood frame windows or more work is required to remove the old window and add a new one, you may end up spending a bit more on labor costs.
While you could save some cash and install new windows yourself, hanging a window is a challenging job that takes patience and practice to master.
Do New Windows Add Value to Your Home?
It’s no secret that new windows can add substantial savings to your utility costs. But, will a new set of windows add real value to your home?
Thankfully, the answer is, yes. Replacing the older windows in your home will increase the resale value of your home.
Most residential homes will receive about a 74% return on their investment after new windows have been added to their home. The added energy savings, updated look, and added security of new windows are enough to entice many would-be buyers.
While a new set of windows may not net you quite as much as a smart bathroom or kitchen remodel, it’s an investment that will pay off as long as you live in the home and give your resale value a nice boost.
What About Impact-Resistant Windows?
Impact-resistant windows are another smart upgrade from standard windows.
If you live in an area that sees a lot of high winds or bad weather, impact-resistant windows will give your home an added layer of protection. Impact-resistant windows will not shatter like regular windows and can withstand very high winds.
Many homeowners will see the value of their home increase even more with impact-resistant windows.
Replacing the Windows in Your Home
Adding new windows to your home is one of the smartest investments you can make.
Not only will you save every month on heating and cooling costs, but you’ll also add real value to your home.
Thinking about updating the windows in your home? Get in touch with us today.