February 24th, 2010 Categories: Real Estate News
If any of the following are true then it may be time to replace your old windows according to the National Association of Realtors:
- Windows are more than 15 years old
- Rooms are unbearably hot in summer or cold in winter
- Windows are leaking water
- Windows won’t open
- Glass is cracked or broken
- Structural elements have rotted or come loose
- You have condensation inside the glass
Window replacement is one of the best home remodeling projects in terms of investment return: for vinyl windows, you can recoup about 75% of the project cost in added home value, according to Remodeling Magazine’s annual cost analysis.
You’re also likely to see modest savings on your energy bill. In general, you’ll save $126 to $465 a year if single-pane windows in a 2,000-square-foot house are replaced with tax-credit-eligible windows, according to the Efficient Windows Collaborative, a coalition of government agencies, research organizations, and manufacturers that promotes efficient window technology.
Keep in mind, though, that the savings can vary widely by climate, local energy costs, and the energy efficiency of both the windows purchased and the windows being replaced. Finally, you may qualify for low-interest loans or other incentives offered by your local utility that can sweeten the deal.
Check it out, it may be time to replace your old windows and reap the rewards.