When you embark on any endeavor, you want to know if it will be worth your time before committing to it. Remodeling and home repair are no different.
But how exactly do you know what the end result of a remodeling project will be?
Luckily, there are tools out there to predict the return on investment of many types of remodeling projects. If you’re planning on selling your home in the near future, these tools can be invaluable for you when deciding what to remodel next.
Remodeling your windows
Today, we’ll look at the return on investment of remodeling your windows.
Naturally, it’s a common choice for this time of year - better installed windows means better heat retention. From a home selling perspective, windows are one of the first things a prospective buyer will see. They speak volumes about your commitment to the aesthetics and security of your house.
According to Remodeling magazine’s Cost vs. Value 2015 report, the national average window replacement jobs on mid-range projects will net the following results:
- Window replacement – vinyl: Job costs: $11,198; Resale value: $8,163; return on investment: 72.9 percent.
- Window replacement – wood: Job costs: $11,341; Resale value: $8,937; return on investment: 78.8 percent.
If you’re looking at the benefits for upscale projects, the numbers are fairly similar, but expect a 74.9 percent benefit for vinyl window replacement and a 71.9 percent benefit for wood window replacement.
Now, if you want to get even more specific, Remodeling has even more specific data for cost/benefits of remodeling projects based on the city. You can download the data for Chicago here.
For projects located generally in our region – the upper east Midwest, such as Wisconsin and Michigan – the data is fairly similar to the national average. For mid-range jobs, expect to spend a little less on vinyl window replacement projects, but gain a little less too, for a return on investment of 74.3 percent.
The regional data for the upper east Midwest also shows that wood window replacement jobs are a less profitable endeavor than vinyl window replacement. Expect to spend a little more than the national average on these jobs and gain a little less than the national average, with a return on investment of 71.4 percent.
Need more advice on windows?
Remodeling your windows is one thing – making sure they are clean, sealed and working smoothly is another. Schedule an appointment with us and visit TownandCountryWindowCleaning.com for more information on how we can help keep your windows in good shape!