Most people swap out their drafty old windows with new replacement windows to enhance the look of their home and to save money on heating and cooling costs. But could those new windows actually add value to a home and increase its selling price?
The answer is a resounding, “Yes!” There isn’t a home buyer in the world who wouldn’t be more interested in purchasing a home with new windows.
Real estate professionals will tell you that one of the biggest selling points of a home is its overall affordability, both at the time of purchase and through the years that follow. Since new windows (and doors, too) can increase your home’s energy efficiency by keeping the temperature in your home moderate, they make your home much more appealing to buyers who will be taking on the home’s heating and cooling costs.
According to an HGTV.com article, “10 Ways to Add Value to Homes,”
“Replace old, leaky windows with energy-efficient vinyl windows. Not only will new windows make the whole house look better, but Energy Star-compliant windows help save on heating and cooling bills all year long.”
How much does energy efficiency add to a home’s value? The website HomeImprovementHelper.com cites a study by the U.S. Department of Housing and Urban Development (HUD) that says, on average, for every $1 reduction in annual utility bills a home’s value increases by $20.
Here’s a real-life story that proves the value that new windows can bring:
A friend’s son and his new bride were searching for their first home. They found a house that was the right size, in a location they loved, and within their price range.
Before they even had the chance to make an offer on the home the real estate agent volunteered that the current owner was willing to take $10,000 off the price so that the young couple could replace all the windows.
What this tells us is that, in the case of this home, installing replacement windows would have boosted the value by $10,000. That’s a good investment.
Interested in boosting the value of your home? Call Rescom at (866) 410-5884 to schedule a free, in-home demonstration of our high quality, award-winning replacement windows and doors.