One of the most common questions we receive about the financial aspect of window replacement is whether it’s worth it in the long run and if there are any financial benefits associated with taking the plunge and investing in replacement windows.
In general, it’s probably best to consider your need for windows in terms of the structure of your home, but there are some financial benefits you may wish to consider as well.
Here’s a quick look at what the investment in replacement windows will look like and the sort of return it can provide.
A new window investment
A replacement window may cost you anywhere from $150 to $800 based on the size of window, the type of frame material, the style and functionality of the window and any special requests you might need for the window design.
You may be able to save money by selecting some less expensive options and by sticking to stock features, but as a general rule, you should never compromise on quality with windows, as you need them to last you many long years.
Plus, new windows can be money-saving opportunities. Replacing the windows in a home can add a significant amount of money to the home’s market value when done on a large scale, and windows have an average return on investment (ROI) of up to 85 percent.
Aside from the benefits new windows can have on your home value, they can also help you save money on your energy bills. Replacing a window that is damaged, broken or simply outdated allows you to add a new window that is much higher quality and more likely to be a good insulator for your home. Energy Star windows, for example, save homeowners an average of 12 percent on their energy costs. That might not sound like a lot initially, but over months, years and decades, those savings add up to become pretty significant.
There are typically also incentives and rebates available for your new window investment. Many utility companies provide per-window rebates for energy-efficient windows. In some cases, this could be a couple hundred dollars per window. You can ask your local energy provider whether they have any such programs. Be sure also to research state and federal grants that may be available.
Ultimately, it’s understandable to be nervous about the prospect of installing new windows and what that means for your finances. Even a single replacement can cost quite a bit of money, but over time, the benefits of installing a new window versus trying to proceed with a broken, damaged or otherwise insufficient window are clear. You have opportunities to save money while getting a higher-quality window that looks better in your home.
To learn more about the circumstances in which you should repair or replace a window in your home, we encourage you to contact the experts at Replacement Glass. Our team would be happy to answer any questions you have about the products we work with and the services we provide.
Categorised in: Window Replacement