New replacement windows add value to your home by keeping your house warmer in the winter and cooler in the summer. Replacing windows can be expensive, but it is a great way to increase the value of your home. They also give your home a more modern look and make your property more attractive to potential buyers or renters if you decide to move.
An average window replacement costs about $750 per window and will pay for itself in just 2 years. The cost of replacing windows can vary depending on your home’s design, as well as the size and type of window you select. In general, contractors replace old windows with an equal number of new ones, but if you aren’t interested in adding more square footage to your home, you may want to skip a few extra units or use larger units instead. You can also choose from a range of replacement options including wood-framed, vinyl-clad, aluminum-clad and fiberglass models.
Homeowners who replace their windows are eligible for tax deductions every year on the property taxes they paid for new windows. Depending on how much you spend on the project, your tax deduction could cover 25 percent of the cost. You can claim a tax credit for 10 percent or more of replacement costs if you install energy-efficient windows that have ENERGY STAR label. In addition to saving money on your taxes, homeowners who install ENERGY STAR windows are eligible for an annual income tax credit from the federal government based on the number and type of windows they purchase.
You can save money by installing energy efficient or dual-pane replacement windows that come with an ENERGY STAR label. These types of windows also offer better insulation, which helps reduce noise from outside as well as heating and cooling costs throughout the year. If you’re looking to get more bang out of your buck, consider vinyl replacement windows – they cost less than wood-frame replacements and are durable enough to last for many years.
Replacement windows allow you to breathe new life into your home and can even help boost its value if you decide to sell it at a later date. However, the primary reason homeowners choose this remodeling project is because of the benefits that installing new units brings their homes which include:
-Lower monthly utility bills
-More comfortable homes during extreme hot or cold weather
-Reduced exterior noise infiltration
Keep all of this in mind when you are looking to increase your homes value this year!