4 Ways Replacement Windows Save You Money
November 13, 2018
Home renovation continues to remain extremely popular throughout the United States. In fact, statistics show that nearly 66% of homeowners are planning on renovating their homes. Many homeowners are preferring to renovate rather than dealing with the time, costs, and effort that comes with moving into a new property. If you’re thinking about renovating, you’ll definitely want to consider replacing your property’s windows. This type of renovation is more beneficial than you might think. In this post, you’ll learn how replacing your home’s old windows saves you money.
Saving Money by Replacing Your Windows
It might seem strange to think that purchasing something will end up saving you money. Fortunately, you’ll find that residential window replacement is beneficial for several important reasons. With that in mind, here are four main ways replacement windows provide major cost savings.
Lower Energy Bills
The condition of your home’s windows has huge effects on energy bills. One study found that having drafty windows in your home can increase monthly energy bills by 10 to 25%. As you continue to live with drafty windows, these energy costs will begin to add up. Fortunately, contacting a window company helps to ensure that these old windows are replaced. Having new windows allows you to rest assured that air isn’t escaping from your home. In turn, this places less of a workload on your HVAC equipment. If HVAC equipment isn’t being used as frequently as normal, you’ll spend less on energy bills.
It’s important for everyone to do what’s possible to use energy in an efficient manner. As an incentive, Energy Star tax credits are given to homeowners replacing their windows. In order to receive a tax credit for replacement windows, certain conditions will need to be met. Since these conditions change over time, it’s wise to speak with a window replacement company about this matter. In turn, you’ll be able to find out how to receive the largest possible tax credit for replacement windows.
Avoiding Interior Damage to Your Home
Drafty windows don’t only cause air to leak out of your home. If not replaced, these windows could cause precipitation to enter your property. After this happens, you’re going to be dealing with water hitting your carpets, walls, and furnishings. In turn, you’ll likely have to spend time and money removing the water that’s gotten inside of your home. Fortunately, you can avoid this problem altogether by having your windows replaced. In order to receive a tax credit for replacement windows, you’ll likely require some type of proof. Therefore, make sure you hang on to all receipts you receive from window installers.
Increasing Property Value
If you’re thinking about selling your home in the future, it’s wise to think about replacement windows. Statistics gathered from the National Association of Realtors found that homeowners replacing their windows typically get back 80% of their investment. Many potential home buyers are looking for properties that don’t require lots of renovation work. If you have contractors install replacement windows, you’re able to sell your home for a higher price.
In conclusion, there are several ways replacement windows save homeowners money. It can feel slightly overwhelming viewing all of the available window replacement options. If you’re wanting assistance with this task, consider contacting a window installation company. After contacting window installers, you’ll be able to learn which types of windows will save you the most money.