No matter what any contractor tells you, rarely does a home improvement bring you a greater return on investment (ROI) than what you put in. It’s not that it never happens, but it’s the exception rather than the rule. That may lead you to wonder why we’re broaching the topic of ROI of replacement windows. Well, that’s because when you combine all the financial benefits with the ROI, you will find that replacement windows are a good investment.
Average ROI of New Windows
We just concluded our blog series of replacement window materials to help you find the right one for your home. One element we didn’t talk about was the various material’s ROI. Depending on the material and quality of the replacement windows you choose, the ROI of replacement windows will vary. However, you can expect it to be between 72% and 78%. These numbers come from numerous sources including the Remodeling’s 2020 Cost vs. Value Report and Fortune Builders.
Calculating ROI of Your Replacement Windows
Of course, it’s impossible to determine the exact ROI of any project. There are several elements that you can look at to determine if it’s worth it to you to move forward.
- Heating and cooling savings – This is the most commonly cited reason for new windows. In our area, the savings is, on average, about $300 per year.
- Time and maintenance savings – Depending on the type of windows you have and how much maintenance you’re currently doing and what it costs you, this may be a real factor to consider.
- Extended HVAC unit life – The more frequently your HVAC system cycles on and off, the shorter its expected life. With new windows, you could cut down on your unit’s workload thus extending its life and saving you money on a new unit.
- Increased home value – A home with new energy efficient windows will appraise and sell for more than a similar home with older windows.
- Protecting furnishings – Because new windows have Low-E glass, they block a significant percentage of UV rays that lead to fading of furnishing, drapes and carpets which cost to replace.
Other things that you may want to personally consider is how new windows can make your home more comfortable. Windows with high heat transference make sitting near them uncomfortable in the summer. Some homeowners report better sleep with their new windows because they are more insulative. These elements can’t really be measured as a financial ROI of replacement windows, but may be worth considering.
Let Us Help You Choose the Right New Windows
As an independent replacement window company, we’ll help you find the right replacement windows for your home. Share with us your goals for your new windows and we’ll guide you to a product that accomplishes those goals and fits your budget. Call or text us today at (817) 264-6509 or fill out our contact form for your free consultation and estimate.