When you spend a lot of money on quality windows, you want to know they’ll add to your property value and give you a little something back if you decide to sell in the future. There are certain home improvement projects you can undertake that historically offer a high return on investment, or ROI. One of those is vinyl replacement windows.
ROI is a commonly-used profitability ratio that measures the amount of return, or profit, an investment can generate relative to its cost. ROI is shown as a percentage and is useful when evaluating investments, such as home improvements.
Remodeling Magazine’s annual “Cost vs. Value” study for 2019 shows that, for homes in New England, vinyl window replacement has an 81 percent return on investment, boosting home value and gaining lower energy bills.
This leaves no doubt that new windows, particularly high-efficiency vinyl ones, will increase the value of your home. Not only do vinyl replacement windows retain more of their cost when it comes to increased home value than most projects (75%), they also represent the second largest amount of cost recouped from other similar projects, such as bathroom remodeling, deck addition or major kitchen remodel.
If you’re planning to sell your home within the next two to five years, it just makes financial sense to replace old, drafty, inefficient windows. That’s because home buyers are generally willing to pay more for a home that is updated, visually appealing, and energy efficient. It doesn’t hurt to add “easy to clean” to that list too!
Home buyers will certainly inquire about the age of the windows, roof, siding, appliances and more. When they perceive lower long-term expenses, they’ll be more likely to give you more for your home. But even if you plan to stay in your home forever, you can enjoy vinyl replacement windows every day, with increased comfort, lower energy bills and higher curb appeal.
Replacing your windows is one of the best ways to give the exterior (and interior) of your home a much-needed facelift. You can choose from a variety of colors, trims, styles, grid choices and so much more.
When looking for new vinyl windows, be sure to watch for the NFRC label before purchasing. This is an energy-rating label from the National Fenestration Rating Council (NFRC) that indicates the window you’re buying has been tested and rated for energy efficiency.
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Ready to improve the ROI of your next home improvement project? Contact us today to learn about the exceptional quality and value of our windows.