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Your home is likely your largest investment over your lifetime, so it’s only natural to want your home improvement projects to increase the value. As a homeowner, you probably know that upgrades to your home’s exterior can potentially drive up your resale value should you ever decide to move. Premium replacement windows are a great way to improve your home’s appearance and value without a significant construction project.
Still, you may not know what kind of return on investment (ROI) you can expect, or even why replacement windows increase your home’s value. Don’t worry, our experts are here to explain the return on new windows and everything in between.
Replacement windows are one of the best home improvement projects to increase value. The exact ROI you may see from installing new windows depends on several factors such as the type and number of windows you purchase and your housing market, but rest assured that it’s always a wise investment!
How much of your investment can you expect to get back? Every project is different, but the national average suggests you’ll recoup around 72% of your investment in replacement products. In Remodeling Magazine’s 2020 Cost vs. Value report, the average cost of replacing windows in an entire home hovered around $17,600, and homeowners reported an average ROI of $12,761, or 72.3% of their original investment.
As your home ages, your windows may begin to show signs of wear, including peeling paint, warped framing and chipped glass. Typically, windows last around 20 years, but with proper maintenance, they may stay in good shape for 40 years or more. When it’s time to perform some routine maintenance on your home’s exterior, check your windows for key indications of age, including loss of functionality, condensation build-up and an increase in exterior noise entering your home.
What makes replacement windows such a smart purchase with benefits beyond financial returns? Let’s look at some of the ways replacement windows can increase your home’s value—and make it a better place to live!
If the windows in your home are more than 15-20 years old, they’re past their prime. Window technology has come a long way in the past two decades and new windows are far more energy-efficient than their older counterparts.
What does it mean for windows to be energy-efficient? It means that they are better at keeping the air your HVAC system works to heat and cool inside your home. When your heater/AC unit works more efficiently, your home’s temperatures will be more consistent and comfortable year round, and you’ll save money on your energy bill every month.
A few essential components make for more energy-efficient windows:
When you’re selling your home, curb appeal, or the overall appearance of the outside of your home, is a big deal. Curb appeal is all about appearance, so if your home’s windows are outdated, installing new windows is a surefire way to add value and attract prospective buyers. At Window World of Tampa, we offer a wide variety of window styles and colors to improve your home’s exterior. From traditional wood-grain trim to a sleek black and white pairing, we’ve got something for every home and design preference!
If you live in an area with a lot of outside noise, did you know that your home’s windows can help reduce how much of that noise you actually hear? Double or triple-pane windows with vinyl frames can greatly reduce the amount of noise that makes it into your home. In a noisy area, this can be a major selling point for interested buyers. With Window World, peace and quiet is possible!
Few things are more valuable than home security, but old windows may be a weak spot in your home’s defenses. Replacement windows from Window World come with new locks and multi-panes that make your home more secure, especially if you’re upgrading from windows with broken locks or a single pane of glass.
In addition, some window styles, like casement and awning, actually provide even more security by being too narrow for intruders to enter through. And in case of emergency, our windows are easy to open from the inside so you and your family can get to safety quickly.
Do you or your family have seasonal or year-round allergies? Look into replacing your windows as an additional safeguard against outdoor or dust allergens. Ineffectively-sealed or older windows will let outdoor allergens in year-round, meaning you’ll struggle to keep your home free from contaminants like grass, tree and ragweed pollen.
From replacement windows to doors and vinyl siding, we can help you increase your Tampa home’s value through premium exterior products. Explore our product lines to find the perfect additions to your home and get started on your home renovation by requesting your free consultation!
*The average cost, values, and ROIs included in this article are based on national data from the 2020 Cost vs. Value Report by Remodeling, a division of Hanley Wood. Hanley Wood gathers and distributes data in the residential, commercial design and construction industry.