Does it pay to replace your windows and doors?
April 29, 2015
If you're contemplating replacing the windows and doors in your home, you might want to consider more than just the upfront cost. The return on investment (ROI) for these projects is also important, and you may find it pays off big when you sell your home. Remodeling Magazine sheds some light on that question in their 2015 cost vs value report and survey. Let's take a look at some popular door and window projects, using Pittsburgh as our example city. Values will vary depending on your location, so be sure to check out ROI in your own area.
Did you know that garage door replacement recoups more of its cost in than almost any other improvement? Garage doors even surpass kitchens in terms of value added to the home. In a mid-range home, a door costing $1,640 adds $1,270 of value to the home. That's a 77% ROI. As an added bonus, garage doors are relatively easy to install, do not disrupt the home with a huge remodeling mess, and can be replaced quickly.
Modern steel, fiberglass, and wooden doors can be purchased along with a new garage door, giving you an opportunity to match your garage to the rest of your home and brighten up your whole exterior.
Replacing an old cracked or rotted wooden door with a new steel entrance doors regains almost 89% of its value. Like replacing a garage door, this is an easy job and can usually be done in one day. A new entrance door can also totally change the curb appeal of your home.
There are other benefits to replacing your front door. Steel doors have structurally enhanced reinforced jambs, which is great for feeling secure in your home. Installing a door with a full view glass pane (they are also available with between-the-glass blinds to maintain privacy when you want it) can transform a dark hallway into a well-lit entrance.
Vinyl replacement windows return about 65% of their value and wood replacement windows return 66%. But there is a hidden value in replacing old drafty windows. If you get windows that meet the newest Energy Star standards, you're going to see savings on your utility bills plus have some increased overall comfort inside your home. You may be surprised by just a what a difference new windows will make, especially if you've had the same windows for many years.
Between enhanced curb appeal, savings on your utility bills, and great ROI, you've got several great reasons to make this the year you tackle replacing your doors and windows.