For homeowners looking to sell, renovations and upgrades can add resale value to their property. However, not all renovations offer the same bang for your buck. Do replacement windows increase your property's resale value? The experts say yes!
According to the most recent Cost vs. Value Report from Remodeling magazine, vinyl window replacement has a return of 57.7% in Iowa and the Midwest. That means if you spend $19,196 replacing your home's windows, the average return is $11,084.
Nationally, replacement vinyl windows have a return of 67.5% (a $20,482 spend can return $13,822).
Window replacement ranks higher in return value than other traditional home improvement projects including major kitchen remodel (52% return), siding replacement (51% return), roof replacement (50% return) or a master suite addition (40% return).
In addition to improving resale value, replacing windows before you plan to sell your home can help save money.
Windows are responsible for 25% to 30% of a home's heating and cooling use, according to the U.S. Department of Energy. Newer, energy-efficient replacement windows can save $125 to $340 a year on energy costs.
With Iowa temperatures that vary from below freezing to above 100 degrees, energy efficient windows play a vital role in regulating your home's heating and cooling efforts.
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