When homeowners consider a window replacement project, they often ask if new windows will boost the resale value of their home. All home improvement projects will have an impact on the overall value of your home, but it’s always a good idea to evaluate your potential return on investment before starting — especially for a project as big as window replacement.
Whether you’re looking to sell your house quickly for a great selling price, or you just want to maintain value in your home for the long haul, installing new windows provides many benefits. Read on to learn more about how new windows affect the overall value of your home.
For most homeowners, prioritizing renovation projects comes down to dollars and cents. To calculate how much new windows will increase your home’s value, there are a few different factors to consider including project costs, local real estate market trends, and comparable homes for sale in your neighbourhood.
According to Remodeling magazine’s 2019 Cost vs Value report, homeowners recoup about 70% of the cost of vinyl replacement windows in additional home resale value (estimate based on replacement of 10 windows and average resale value across 136 U.S. markets). The ROI for window replacement is quite good. For comparison’s sake, a major kitchen remodeling project with midrange upgrades recoups approximately 60% of the costs in resale value. While you might not get 100% of your investment on new windows back when you sell your home, there are other important benefits to consider.
With more homes for sale than there are homebuyers, Alberta real estate trends indicate a buyer’s market in both Edmonton and Calgary. Homesellers have plenty of competition, so things like curb appeal and value-added upgrades or renovations are huge selling features.
Homebuyers appreciate that replacing older windows is a big investment, and there’s real value in knowing that they’re buying a home that won’t need window replacement again for 15-20 years. When all other things are equal, installing new windows will make your home more attractive to potential homebuyers who are comparing homes for sale in your neighbourhood.
New windows not only improve the exterior appearance of your home, they also boost your home’s overall energy efficiency. Replacing old, drafty windows with multi-paned, Low-E glass windows helps reduce the cost of heating or cooling your home throughout the year.
Today’s homebuyer also recognizes the value of energy efficient upgrades in a home, and high-quality, efficient windows are an excellent energy-saving feature that buyers will appreciate.
Good quality vinyl windows are also virtually maintenance-free and very durable. Don’t underestimate the value of time saved on ongoing home maintenance and upkeep! Potential homebuyers will love to know that other than simple cleaning, they don’t have to worry about replacing rotten window frames or repainting them regularly.
When it comes to home improvements, new windows are generally a good investment. While you won’t recoup 100% of the cost in terms of additional resale value, you’ll want to consider all of the benefits before deciding on a window replacement project.
When evaluating the total value that new windows add to a house, additional benefits such as reducing home maintenance, improving efficiency, and boosting the appeal of your home are important to consider too.