Once you start toying with the idea of remodeling your home, the first thoughts that spring to mind for most homeowners include bathroom and kitchen remodeling. This is not a bad idea considering how these types of renovations could potentially increase the overall value of your home. And who wouldn’t want a luxurious whirlpool tub to enjoy and have a spa-like experience every day?
However, with any type of home remodeling, you really have to be sure about what you want to get out of it, and when you’re on a tight budget, you have to make the best decision, not only for your pocket but for your home too.
If you are realistic about the options laid before you and simply looking for a sound investment that will instantly elevate the value of your property, a smarter and more practical approach to home remodeling is window replacement. Here’s why it makes more sense…
Window Replacement – The Smart Investment
Depending on what you are trying to achieve with the replacement, installing new home windows comes with a myriad of benefits, making it the obvious choice for many homeowners. This type of installation can instantly increase your curb appeal while enhancing your home’s interior by channeling more natural light into all your living areas. If you want to increase your home’s overall energy efficiency, allowing you to save on your monthly utility costs, some quality replacement windows can do that too.
More importantly, window replacement offers one of the best returns on investments when compared to most home remodeling projects. By installing mid-range vinyl, for example, you can recoup anywhere between 70-75% of the initial cost. Wood windows can be as high as an 80% return on your investment depending on the type and quality of the windows you chose.
Window Replacement Cost Factors to Consider
Once you start to consider how much windows installation really costs, it’s easy to see why it’s one of the most reliable and cost-effective investments you can make. For example, the average windows installation costs anywhere between $150 and $800 per window. If your window replacement costs $500, you could recoup as much as $400 with the current return on investment.
Compare that to an upscale bathroom remodel at roughly 55% return on investment – or even a mid-range kitchen renovation in the region of 58%, and it becomes a lot clearer to see why, when considering any type of remodeling project, windows often come out on top.
Window Types To Consider
Deciding that you are going to opt for window replacement is the easy part. Picking the right window is the tricky part. Here’s a quick and easy guide to help you choose the best windows for your particular home and unique requirements:
Best value for money
Single-hung windows: These are the most affordable option on the market. They are generally cheaper to install too due to the fact they consist of fewer moving parts.
Double-hung windows: This is the most commonly installed window today and also a more affordable option. They provide better ventilation, are easier to clean than most windows, and provide great long-term value.
Casement windows: Casement windows are more expensive, but with unmatched energy efficiency and unobstructed views, it’s easy to see why this window has remained popular.
Picture windows: These windows offer amazing unhindered views of the outside. If you have a large property and want to show off some landscaping views and outdoor scenery, then look no further. Picture windows also complement modern architecture, making the priceless for many homeowners.
Bay windows: Bay windows are both attractive and practical. Even though they can be expensive, the return on investment alongside the aesthetic appeal they offer makes them worth it for many homeowners.
Energy Efficient Windows
Depending on your region’s climate, you may have to consider different types of energy-efficient windows better suited to your region. If you live in a colder region, you could benefit from ENERGY-STAR windows.
On the other hand, should you live in a warmer climate, you might consider Low-E windows that filter out UV light and reduce harmful rays entering your home. Not only will this create a more comfortable living environment, but also protect your home’s interior, by preventing furniture from fading in direct sunlight.
Windows carrying the Energy Star certification are guaranteed to have passed the most rigorous testing to ensure they meet the highest standards. You can expect windows of this quality to offset an average of 12% energy savings. Consider the following window types:
Single-pane windows offer poor insulation with one layer of glass. They are not energy-efficient and you could lose up to 20-30% of the heat in your home if they are not installed in conjunction with storm windows. Overall, single-pane windows are not a solid option if you want energy savings.
As the name suggests, two layers of glass are used in the construction of double-pane windows. Sometimes, these are insulated with a gas like argon to ensure it maximizes energy efficiency. Essentially, if you are interested in the energy-efficient qualities a window can bring, you have to consider a double-pane.
It’s equally important to consider the availability of rebates and credits in your area. Many local utility companies offer rebates per window rebate for Energy Star or other energy-efficient windows. Depending on where you reside, you could be looking at anywhere in the region of $200 or more rebate per window. It’s always advised to get in touch with your local utility to ask about any rebates and other savings on window replacements.