March 5, 2018
How Much Do Windows Impact the Value of Your Tacoma, WA Home?
The purchase of a home is the biggest investment they will make in their lifetime. Buying a home not only provides a comfortable place to share with your family, but you also have a way to build your financial future. So, it is important that you consider the way your ongoing renovations will affect the value of your Tacoma, WA home.
For many people, the purchase of a home is the biggest investment they will make in their lifetime. Buying a home not only provides a comfortable place to share with your family, but you also have a way to build your financial future. So, it is important that you consider the way your ongoing renovations will affect the value of your Tacoma, WA home.
If you want to maximize your investment, then you might need to spend a little money on remodeling projects. Homeowners can create thousands of dollars in additional equity by renovating older homes. Windows should be on your to-do list since they have a big impact on the value of a home.
Is it True that Windows Boost Your Home Value?
Some people question the validity of equity gains from window replacement. Look at the price tag of new windows, and it is easy to see why people wonder if the full amount will come back in increased home value.
Whether you are planning to sell right away or you want to stay in the home for a while, the right windows can be a great investment. These products will have an immediate impact on the value of your home, helping to increase the asking price that you can put in the listing.
4 Financial Benefits of New Windows
Here are four ways that new windows will have a positive impact on your financial goals:
- Boost Your Asking Price: New windows increase the appraised value of your home. So, you can ask for more money when the property is listed on the real estate market. As a general rule of thumb, you can add 70 – 80% of the cost of the windows onto the previous value of your home. For example, if you spend $10,000 on the window upgrades, then you can increase your asking price by $8,000. Make sure to talk to an appraiser and real estate agent for personal recommendations.
- Decrease the Risk of Low Offers: When buyers submit an offer on your home, the offer price will be based on their impression of the quality of the property. Outdated windows can be a big issue that causes potential buyers to send a low offer.
- Improve Curb Appeal: On the other hand, replacing the old windows with new products will have an immediate effect on curb appeal. The appearance of your home will have a positive impact on the buyer’s memory of the property, increasing the likelihood that they will want to submit an offer.
- Energy Efficiency and Utility Costs: As long as you are living in the home, you will enjoy the decreased utility bills because of the energy efficiency of your new windows. Homebuyers will love the idea of these benefits as well.
There’s no doubt about it: installing Tacoma, WA replacement windows in your home is a great investment. Talk to our team to learn more about the ways these products can help with your financial goals. Visit Puget Sound Window & Door: 445 E Main Ave, Puyallup, WA 98372. Call ahead if you would like to schedule a consultation: (253) 904-8658