Calculating the Return on Your Window Investment

window-replacement-roi

Contrary to other larger home improvement projects that bring immediate visual impact, new windows may grab less attention. But they have one of the highest ROIs compared to other home improvements, such as a new roof or a wooden deck.

Do replacement windows increase home value?

Studies show that new windows can bring up to 85% ROI, whereas roof and deck replacement bring in 75% and 73%, respectively. If you are considering reselling the house or just upgrading its visual aesthetics, this article will help you understand the cost of window replacement and any incentives available in your area.

What is the Cost of Window Replacement?

The cost of a new window depends on a variety of factors. On average, it will cost you between $150 and $800 per window. Various factors that affect the cost of a new window are –

  1. Frame material:Light aluminum frames will cost lesser but would be of lower quality compared to premium UPVC, fiberglass, or wooden frames. Select the frames that provide longevity and adequate climate control, which will save your energy bill during extreme hot or cold weather.
  2. This table shows the average cost of a window based on the material.

    Frame type Average cost per window
    Aluminum $80 to $500
    Vinyl $150 to $600
    Wood $250 to $800
    Composite $400 to $1,300
    Fiberglass $700 to $1,400
  3. Window style: The design of the window will determine the level of expertise required and will decide the cost. A standard double-hung window may cost up to $350, and a large picture window may cost $750. Bay windows and bow windows require more expertise and will cost over $2,200 each.
  4. According to a survey, 51% of homeowners went for a standard window, whereas 49% chose a custom design. It all depends on your individual preference and the design of the house.

  5. Geographical location: The cost of material, labor, and transportation and the weather in your area will also determine the cost. Colder places may require extra insulation or multiple panes, which will raise the cost of installation but will save your long-term energy bills.
  6. Window brand: The cost of the window will also depend on the brand you choose. This will also dictate the quality of the window itself. This table shows an indicative cost of a new window according to the brand –
  7. Window brand Average cost per window
    Pella $100 to $1,750
    Castle Windows $200 to $900
    Simonton $200 to $1,200
    Marvin Windows $400 to $1,700
    Renewal by Andersen $680 to $2,700

New Windows as Money-Saving Opportunities

Surveys of existing homeowners show that they do window replacement for these reasons –

  1. Elevate the value of the house for reselling.
  2. Long-term energy savings.
  3. Increase the aesthetic value of the house.

As discussed above, new windows can get you up to 85% ROI and add thousands of dollars of value to the house’s resale value.

Studies show that 40% of homeowners choose new windows to reduce their energy bills over the long term. Windows with an ENERGY STAR rating save between $100 and $600 per year. ENERGY STAR rating depends on factors such as Solar heat gain coefficient (SHGC), Air leakage (AL), Visible transmittance (VT), Condensation resistance, and U-Factor.

If you live in a warmer place, consider windows with a low-emissivity coating that reflects the air-conditioning into the home and reduces solar heat gain.

Available Incentives and Rebates

Energy rebates or credits in your area can save you up to $200 per window. ENERGY STAR or other energy-efficient windows. Many utility service providers offer a rebate to homes that use energy-efficient doors and windows. Contact your utility service provider to know about the rebate or incentive they provide and add that to the ROI of a window replacement project.

The Database of State Incentives for Renewables & Efficiency® (DSIRE) has a range of US government incentives for energy-efficient home improvements.

What This Means for Your Wallet

Whether you want to resell the house or simply raise its aesthetic appeal for your family and house guests, new windows can do the job. Buying a new house is an emotional decision for any family, and new windows can immediately make them feel welcomed. However, to feel the full effect of window replacement, you must replace most, if not all.

This may come as a one-time expense on your wallet but will significantly increase the resale value of the house. Price negotiations will be easier, and you can get a better client for the house who emphasizes higher quality over a lower price.

Summary

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