The smartest thing to do before you sell is to renovate. There are tons of upgrades you can do and some add more value than others. So if you are wondering whether replacement of windows and doors is right for you, check out this helpful information on ROI and other important factors: The Value of
The smartest thing to do before you sell is to renovate. There are tons of upgrades you can do and some add more value than others. So if you are wondering whether replacement of windows and doors is right for you, check out this helpful information on ROI and other important factors:
The Value of Windows
Many homeowners underestimate the power and importance of quality windows. If you have old or cracked windows that have gone through repair several times, you must replace them before selling the house. On average new, energy efficient vinyl windows have an ROI of 80%. But if you know a good company which offers discounts and if you have a great realtor, the ROI can climb much higher.
So why are windows so important? Recent statistics show how modern buyers value curb appeal and energy efficiency the most. Insulation isn’t such a big factor today since 2019 is the year of new windows, doors, decks and fancy backyards. Everybody is going eco-friendly and is looking for ways to cut energy bills and save the environment. New windows cut spending to 15% and offer comfort at unimaginable scales. So no draftiness, window leaks, moisture and mold and this means a significantly higher price for your home.
Why Choose Window Replacement?
The first thing a good realtor will advise is to make renovations which increase home value but also increase your comfort as well. Since renovation should be done at least 6 months before you sell, you would want those last days to pay the lowest fees for electricity. Window replacement is also great if you change your mind and postpone selling. And trust us, with new windows is hard to leave the house.
Besides improved living conditions for you and the family, new windows will amaze buyers. They increase energy efficiency and curb appeal at the same time and we already mentioned what recent statistics showed. Because it is a great renovation project, on average, a new set of vinyl windows can add $12000 to your home’s value.
Upgrading your windows adds resale value for sure. However, you shouldn’t solely focus on one upgrade. New windows will grab a buyer’s attention, but it won’t stick that long if your bathroom has unpleasant smells and if the ceiling is dripping like a faucet. So yes, windows add value, but to get the maximum out of it, you should do other renovations as well. To get some ideas on other upgrades, here is a list of the most efficient and profitable ones:
• Garage door replacement, with a maximum ROI of 98%
• Front door upgrade or replacement, with a max ROI of 92%
• Kitchen or bathroom remodel, with a max ROI of 83%
• Roof upgrade or replacement, with a max ROI of 81%
Negotiation is Key
Whatever renovation project you choose, remember to highlight it on house-viewing day. Carefully choose a realtor and ask about his/her selling tactics. There are tons of testimonials from relators where new windows or a new roof sealed the deal with buyers.
Offering warranties is also a good selling point. When new people move in, they would like to feel safe and what better way than flashing those 20-year windows or door warranties. Another thing you must do is advertise the heck out of the benefits offered by your new windows, of course, energy efficiency having the main role. Remember, environmentally friendly and modern buyers are your target group because they will spend the most on an energy-efficient home.
To conclude, recent renovation projects always give an upper hand during negotiations and window replacement has worked great for sellers.1 comment