Many home renovations will increase your resale value but home improvements that pay you now are a smart investment. Energy-efficient windows pay for themselves now and when you’re ready to sell!
Older homes typically have windows that are of a single glass pane construction that waste energy and money. They are not energy-efficient at all and are simply barriers to rain and bugs. When you sell, expect buyers to offer less and create negotiation strategies considering they will want to replace them.
You see, today, manufacturers are making double- and triple-pane vinyl windows that insulate the home from wind, rain, cold, heat, and even outside noise. Additional benefits to multi-pane windows include a reduction of dust and allergens, added security for your home, ease of maintenance, and increased curb appeal. Now, let’s talk about the financial impact.
Replacing old windows with EnergyStar-rated windows will save money on heating & air conditioning bills. These windows also insulate so efficiently; additionally, green energy tax credits can apply! Next, new windows provide one of the higher rates of returns for a home improvement investment. In fact, a recent report entitled “Remodeling 2020 Cost vs. Value Report”* (www.costvsvalue.com) shows homeowners can expect a 73% return on their project investment when they sell their home.
Home Improvements That Pay for Themselves
While the initial cost for new windows can be high, it is one of those home improvements that pay for themselves in lower energy costs, and they will surely increase the value of your home when you sell!
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*© 2019 Hanley Wood, LLC. Complete data from the Remodeling 2019 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.
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