When surfing the internet, you will come across several sites which claim that window replacements help in increasing the value of your house. Recently, I came across a site that claimed that replacement windows could increase the resale value of your home by 20 percent. This means that if the value of your home before replacements is $300,000, then after replacing the windows, the value of your home will increase to a whopping $360,000. This figure is clearly exaggerated, but you will agree with me when I say that window replacement does enhance the value of the home.
One of the main reasons for energy loss in any household is windows. In a recent study, it was found that residential users have to pay more for their energy bills because of their windows. In some cases, homeowners have to pay up to 35 percent more because of poor window insulation and degraded doors and windows. Today, most modern replacement windows are well insulated and come with an energy rating so you know how much insulation you can expect from your windows. The energy rating of the windows depends on several factors, including panes of glass, window frame, and their ability to prevent heat loss and resist air leakage. If you buy energy efficient windows, you start saving money immediately because the energy you save will alone make your home more valuable.
So, should you invest in replacement windows? Here is what some experts have to say about replacement windows.
1. If you spend $20,000 on replacement windows, you will get 70 percent of your investment when you sell your home. This means that you can increase the value of your house by $14,000 when you sell it. It is unreasonable to expect an enhance the value by $20,000 when you sell your home.
2. If you spend about $5,000 on heating and cooling costs every year, you are likely to reduce these expenses if you replace your existing windows with energy efficient windows. If you reduce your energy costs by 20 percent by installing energy efficient windows, you will save about $1,000 every year. This essentially means that, if you replace your windows, you will recover your investment in 6 years.
3. If you have outdated in your home, the buyer may ask for a discount when they buy your home. It is always better to buy replacement windows before you sell your house. This will reduce the chances of the potential buyer quoting a ridiculously low price. For instance, if your bedroom window is outdated and the buyer offers $15,000 less for your house when really, the replacement cost of the window is just $4,000. So, if you replace the window, you will get the right price for your home.
It is clear that installing replacement windows do add value to your home. Impact Windows Miami Florida is considered to be a good option for replacement windows. These windows are ideal for people living in areas that are prone to hurricanes. These storm windows not only protect your home from strong winds and debris, but they also reduce your energy bills. Impact windows don’t break easily which prevents intruders from entering your home.