If you are preparing to sell your home, you may be considering installing new windows. New windows can help a home sell faster, especially if yours are older or are not energy efficient. But before you go and lay out the money for replacement windows, there are a few things that you need to know. Here are a few of the things that you should know if you are considering installing new windows before selling your home.
What the Return on Investment Is
If you are thinking about installing new windows to increase the value of your home, you need to know that windows have about an 85 percent return on investment. This means that if you spend $10,000 on windows and installation, it will only increase the value of your home by about $8,500. As such, window replacement should not be done solely to increase the value of your home. However, if your windows are old, buyers may be deterred from placing a bid on your home. They may also place a lower bid than your asking price because of the old windows or ask for a credit to replace them. So, while you may lose a bit of money installing new windows, it may still be worth it in the right situation.
If the Window Warranty Is Transferable
Another important factor that you need to know if you are considering installing new windows before selling your home is that not all new window warranties are transferable. Warranties for windows typically last anywhere from five to 20 years. If you install the window and find out the warranty is not transferable to a new owner, the new owner is missing out on a lot of warranty time, which can be a negative. Always look for a company that offers a transferable window warranty and then make sure your realtor makes it this known to potential buyers.
What Type of Windows Buyers Want
Around 87 percent of all potential home buyers want energy-efficient windows. These windows can decrease heating and cooling expenses by as much as 12 percent, helping a homeowner to manage their utility costs. Because demand is so high for this window type with potential buyers, you may wish to select this type of window if you are installing before selling your home. It does not make sense to install new windows that are not what buyers are looking for. Knowing what your buyer is looking for can help your home to sell faster.
Deciding whether or not to install new windows before selling your home is a big decision. However, taking the time to research this topic will help you make an informed and educated decision as to whether or not you should have replacement windows installed before placing your home up for sale.Share