Are Replacement Windows Worth the Cost?

Are replacement windows in your home worth the cost?  Depending on who you ask you will get a different answer, it also depends on how long you want to stay in the home.  There are a couple big questions you should ask yourself before picking up the phone and scheduling that quote:

Considerations:

Some things to consider before replacing your windows?

  1. Age of current windows
  2. Condition of current windows
  3. Cost of new windows
  4. How many you have to replace
  5. Climate

 

How much will it save me?

New windows will obviously cut down on energy loss compared to old ones, but exactly how much are you going to save on your energy bill vs. how much it will cost?  The typical window can cost anywhere from $100-$650 per window (installed).  So depending on how many windows you have will directly impact your savings and cost.  In colder climates like Wisconsin you could enjoy hundreds of dollars in savings per year.

 

Curb Appeal

If you are purchasing new windows with the intent to sell your home in the next few years, you can expect to get about 81% of your money back in appeal.  Buyers like the concept of new windows and it puts your home at the top of their list.

Alternatives to New Windows

If you live in a home built before 1960 you likely have older style windows, wood casing, single pane.  Often times these windows are flaking and have gaps that allow drafts in.  What most people do not know is that these windows were built and designed to be repairs time and time again.  There are specialized companies that can replace glass panes, fix gaps and renovate the body of the window, often for a fraction of the cost of a new window.

 

Financing your Project

Many times the companies that sell you windows will offer financing plans, they often come at extremely high interest rates and with many fees.  You have alternatives to this high cost option.  Using the equity in your home is a valuable option and will many times be much cheaper.  Many people are unaware of this tool they have at their disposal, please feel free to Contact me with any questions about how to do it.

 

 

 

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Justin Scott

Loan Officer

NMLS 878581