Spring is here, summer is just a few days away, and the housing market has already been ramping up for a few months. If you are putting your house on the market this season, or you are thinking about doing so in the next few years, you might be wondering if it’s worth it to replace things like your roof, your windows, and your doors before you sell.
The general reasoning is that turnkey homes sell faster and for a better price than homes buyers see as fixer-uppers. In addition, you want top dollar for your house when you sell. Who doesn’t?
There are some good reasons to replace your windows before you sell. There are some drawbacks too.
Let’s look at both.
What is the ROI for New Windows?
The Return On Investment, or ROI, is thankfully much better for resale value than if you are replacing them hoping to recoup your energy costs right away.
According to the 2018 Cost vs. Value Report by Remodeling magazine, homeowners who replaced their windows with energy efficient windows saw an average return of 72% of the project cost when they sold their homes.
Like most home improvement projects, other than attic insulation and landscaping, new windows are unlikely to earn you back 100% of the money you spent replacing them.
However, even if you do many other necessary fixes on your home and you leave old, aluminum windows, buyers are likely to see your house as a fixer-upper.
The Positives of New Windows
On the other hand, with new windows, your house is likely to sell a lot faster. Another survey in 2017 by the National Association of Home Builders (NAHB) found that energy efficient windows were desirable by 90% of home buyers.
The bottom line is if a buyer sees old windows, they see a bigger-than-necessary energy bill. If they see energy efficient windows, they know the home’s energy efficiency has been updated.
The third area new windows can affect is your home’s overall look and feel. New windows can instantly make your home feel and look like new. If you have one shot to make everything feel much cleaner in your whole house, new windows are one of the best ways to do this.
Additionally, if you make the right choice of windows, they can instantly update your home’s look as well. Sometimes all a home needs bright white trim around new windows to make it look fresh.
Drawbacks of New Windows
As you probably know, replacing windows in an entire home can get expensive. The price to replace them in your whole house will depend on how many windows you actually need. The price tag alone could discourage many homeowners from attempting it before selling.
The other possible drawback is choosing the wrong windows for the style of your home. If you do make the wrong style choice, it could negatively impact your ability to sell your home. Potential buyers won’t care if they are new if they clash with the style of the house.
If you want to sell your home quickly and for more money, this season or in the years to come, new windows are a good way to accomplish an instant update and make your home feel newer and cleaner. They will add value to your home and increase its energy efficiency.
The decision to replace windows is an important one you have to weigh before putting your house on the market. If you live in the Southeast Michigan area, we would be honored to answer any questions you have.
You may also like to read:
Should You Replace Your Roof Before Selling Your House?
Prior to listing and selling a home, many sellers find themselves with a dilemma. Should you replace your roof before selling? Here’s what you need to know.