Some home improvements pay off more than others. You may think a major upgrade to your kitchen or bathroom is a good use of your funds, and without question these kinds of renovations will add to your home’s value. But, for the cost, they’re not as smart of an investment as something more practical, like a window replacement. Replacement windows are a renovation item you can feel confident in investing in, as they still account for one of the highest ROIs on a remodel, recouping 73.5% on average.
Of course, market value is just one of the ways to assess your investment. If you consider the environmental impact and efficiency and comfort of your home, the value of return is immeasurable.
Valuable & Long Lasting
The exact value of your replacement window depends on many factors. Your area’s market, as well as what kind of window and the type of window frame you choose to purchase will all effect the price. Vinyl window frames are cheaper than fiberglass and composite frames and the cost for replacing and installing a standard double-hung window with insulated vinyl runs on average between $550 and $1,000 per window. Vinyl also offers a high level of energy efficiency and they’re much more durable and long-lasting than wood.
Energy Efficiency
Your home’s market value isn’t the only kind of value offered by vinyl replacement windows. With their highly rated efficiency, vinyl replacement windows can also save you money on your heating and cooling costs. If you’re intending to sell your home, you can be sure buyers are looking for energy efficiency. When you purchase your replacement windows, be sure to look for an Energy Star certification, Rated by the Department of Energy and the EPA for high energy performance
While the energy savings themselves may not be enough to completely recoup the cost of installation, many states offer incentives for renewables and efficiency, making the price much more competitive. To see just how much you could save, visit the Database of State Incentives for Renewables and Efficiency, which lists all existing incentives and policies for renewables and energy-efficient products.
Other Benefits of Vinyl Replacement Windows
While this won’t affect the ROI of your investment it may still be a motivating factor. According to the Department of Energy, replacing outdated single-pane windows can save in heating and cooling costs, up to 6,205 pounds of CO2 emissions—the equivalent of 317 gallons of gasoline. Furthermore, the EPA estimates, updating single-pane windows with new double-pane windows can result in up to $465 in cost savings per year.
Vinyl replacement windows have a three-fold ROI. They simultaneously increase curb appeal, value and efficiency, all while having a positive impact on the environment and comfort of your home. There may be no other remodeling project that accomplishes so many things.
