You probably already realize how much money energy-efficient new windows can save you on energy bills. You spend far less on heating and cooling when you replace your windows. You likely also know how much quieter your house may become, and how you will hear much less from your neighbor’s dogs or from the freeway roar.
What you may not think about is how much impact this investment will have on your home value.
Understandably, we all have a limited amount we can spend on home upgrades. As much as we would all love a completely renovated kitchen, or an added bathroom, or a new deck, we have to make choices.
According to Modernize.com, adding a sunroom returns only 52 percent of the investment. If a sunroom costs $10,000 to add – that is a mighty humble estimate – then it only adds about $5,200 to the home’s value.
Window replacement, on the other hand, adds between 70 and 80 percent of its cost, simply in the resale value of the home. If you spend $5,000 on new windows, then you can estimate an increase in the market value of your home, worth between $3,500 and $4,000.
Double-hung windows with insulated vinyl are very popular right now. Wooden window frames – using aluminum, vinyl, or fiberglass for their insulation – are also popular, but can cost between 15% and 30% more per window.
Casement windows cost more than double-hung windows, but this price increase is for a smart reason. They keep cold air and drafts out better than either single-hung or double-hung windows.