Replacement Windows and Selling Your Home
It’s a dilemma that all homeowners face when they are in the market to sell their homes: Should I do any window replacements before I sell? This problem arises for good reasons, as well-maintained homes often sell more quickly, and for a better price, than those left in disrepair. Obviously, this is due to potential buyers wanting to acquire a home that is completely up to date as opposed to pouring more money into repairs after an enormous purchase. But how much time and effort should you invest? Home sellers that are in the know may only want to make home improvements that generate the greatest return on investment. In today’s post, we will explore the positive aspects of selling your home with replacement windows and why this is most likely the best choice.
Before an owner makes the decision to replace all of your windows ahead of selling your home, he or she should examine the most recent return on investment for replacement windows. According to the National Association of Realtors 2020 cost vs. value report, homeowners who replaced their windows with new energy efficient windows saw an average return of over 72% of the project cost upon resale.
While this may seem like a low return on investment, there are a plethora of other reasons to replace your windows besides an increase in the home’s selling price. With more people spending more time at home, there is massive demand from buyers for “move-in ready” homes that have been customized and renovated.
But does replacing all your windows result in a quicker sale of your home? The market data seems to indicate that this is true. A 2021 survey by the National Association of Homebuilders found that 83% of home buyers considered ENERGY STAR windows to be essential or desirable as new editions to their homes. Energy efficiency is a popular aspect of replacement windows because most buyers do not want to purchase a home with inadequate windows that generate excessive monthly energy costs.
Many buyers also prefer not to experience the burden of having to replace their windows themselves. Older windows are inefficient and most likely will result in a failed home inspection. Between this scenario and making the decision to go through with a replacement project, most owners see the value in waiting and having their home undergo these necessary repairs.
Besides increasing energy efficiency, new windows also add curb appeal and aesthetic values that make a home look more modern and well-maintained. This will be a major selling point for buyers who wish to move into a home that does not need any renovation.
If you’re ready to invest in replacement windows, look no further than Shield Building Products. Our hurricane impact windows and doors will add the desired value that your home needs for a quick sale. Contact us today!