If you’re like most people, you get into home renovations because something is either broken or unsightly. Even if you’re not planning to sell your home within the coming months or years, there’s still the expectation that the money you put in now will somehow pay off down the road. Unfortunately, most of those home improvements aren’t going to return much on the dollar.
External upgrades, in particular, are notoriously feeble when it comes to adding value to your property. Things like swimming pools and professional landscaping may only recover around a quarter of the money you put into them. Cosmetic improvements like new rugs, paint and wallpaper will definitely make your home nicer to live in but won’t do much in terms of adding permanent value.
However, if you’re looking to make improvements that will maintain their value and give you a healthy return on your investment when you eventually do sell your home, there’s no better way to do it than by switching out your old windows and doors.
Adding Value to Your Home
New windows and doors are also at the top of the list for homeowners ready to sell. In a challenging market, it may take more than a new coat of paint and a little staging to get top-dollar for your home. It can be a tricky balancing act, however, between the cost of making improvements and the overall value they will bring to the sale.
Bath and kitchen renovations can add several percentage points to the bottom line, but they also tend to be the most expensive (and invasive) renovations to undertake. Adding a bathroom may make the home more attractive to prospective buyers but you will only recoup about 50% of the cost of installation. Kitchen design is very much a matter of personal taste, and many new buyers would prefer to pay less for a home with an old kitchen and remodel after they take possession.
New windows and doors, on the other hand, are a relatively inexpensive way to add value and improve curb appeal. Energy efficient windows are high on the list of features that buyers are looking for, especially in older houses that are more expensive to heat. While it may be difficult to get back your investment on top-of-the-line models, good quality vinyl windows can return up to 100% of their cost.
Your front door should be a reflection of the home’s interior design and a hallmark of its exterior appeal. It’s the first thing a buyer will notice as they enter the home. As with everything else, first impressions matter. A new door will not only add to the aesthetic appeal of the property but will also improve its security and energy efficiency. You may also want to consider installing a storm door for additional insulation in winter and ventilation during the warmer months.
Of all the home improvements and renovations that real estate agents recommend to their clients, new windows and doors remain a constant. They add value to your property. They make a home brighter, add to its energy efficiency, and make it more attractive. Whether you’re looking to the future or are almost ready to put that sign on your lawn, installing new windows and doors is an inexpensive investment that can prove to be very rewarding.
Are you looking for some great advice on new windows & doors? Please send your emails at [email protected] or you can call us at 1-855-868-5895. For more info on our entry doors, check out https://ecochoicewindows.ca/doors/!
