Replacement Windows: What Is the Cost and Does It Increase Home Value? By Realtor.com

These days, older people are staying in their homes longer, while younger demographics are looking to sell quickly. In fact, a poll by Clever Real Estate found that 54% of baby boomers say they never plan to sell the house they live in. 

Boomers who believe they’ll be in their property for the long haul often invest in home improvement projects with great ROIs, such as replacement windows. Let’s dive deeper into replacement windows and what you can expect if you invest in them.

How often should windows need to be replaced? 

“In general, you should replace windows every 15 to 30 years,” says Jim Marino, CEO of Pinnacle Home Improvements. 

However, the exact timeline depends on the age and condition of your windows. Below are a few signs that may indicate your windows are past their prime and due for a replacement:

• Drafty windows: Your windows might be drafty if you feel cold air seeping through them. Drafts are particularly noticeable when the wind blows and during the winter months.

• Higher energy bills: Drafty, cold windows mean your furnace and air conditioner have to work harder. Therefore, you may spend more money to heat and cool your home.

• Broken windows: If your windows no longer work properly due to issues such as broken cranks, malfunctioning locks, and decaying frames, they likely pose a safety hazard and warrant a replacement. 

• Condensation: Condensation forms when warm, moist air meets your window. Not only is this a sign that your windows aren’t energy efficient, the moisture may lead to warping, mold, and other problems. 

How much does window replacement cost? 

Factors including your location, the type of window you choose and its features, installation fees, warranty, and promotions will dictate how much you spend on window replacement. Here’s an overview of cost by window type by Leo Pond, real estate advisor of Four Seasons Sotheby's International Realty:

• Vinyl windows: $300 to $800 each 

• Wood windows: $700 to $1,200 each

• Fiberglass or composite windows: $800 to $1,500 or more each 

If you opt for bay windows or custom windows, they’ll likely run you significantly more, often in the $2,000 to $4,000 range.

“Fiberglass and wood-clad windows tend to have the longest lifespan when maintained properly,” says Pond.  

Vinyl windows are lower maintenance and budget-friendly but may not last quite as long or hold up as well in extreme climates. If you do go the vinyl route, virgin vinyl windows are ideal. 

“High-quality virgin vinyl windows stand the test of time," explains Marino. "For example, this type of vinyl is much more durable, stronger, and contains better insulation properties than the average window material."

Pond adds, “I usually tell clients: Go for what fits your long-term goals. If you’re staying in the home for years, investing in higher-end materials can really pay off."

How can new windows save homeowners money? 

New windows tend to produce the fastest and most significant difference in value, specifically the ROI.

“People replace their windows to get the immediate cost savings on their heating and cooling bill each month,” says Marino.

In addition to the instant savings from your energy bill, you’ll also notice your home’s resale value increasing upon replacing your windows.

“Please check local guidelines and incentive programs to see if you qualify for a federal or state tax credit,” Marino advises.

What is the ROI on replacement windows? 

The most recent data from Angi indicates that window replacement projects have a return on investment of up to 85%.

According to Marino, however, the exact ROI varies depending on each particular project, but an ROI between 50% to 75% is fairly common. This includes energy savings, increased home value, lower maintenance costs, and other variables.

"Call Eli Torres at (832) 430-2107, for your home buying and selling needs."

Source: www.realtor.com