Adding value to your home can be accomplished in many different ways. Before taking on a home improvement project, it’s a good idea to understand what your return on investment might be.
If you’re considering upgrading your doors and windows, you might be surprised by the amount of value it will add. Here are a few things you should know about adding new windows or doors to your Fairfax home.
Windows Offer a Nice Value Boost
While you won’t gain more value than you spend on window replacements, you will add value to your home. The exact amount will depend on the windows you’re replacing and which windows you choose for your home.
Upgrading your windows can pay off in more ways than one. If you choose the right windows, you’ll make your home more energy-efficient. For those not looking to sell their home anytime soon, energy-efficient windows will help you save on your energy bills.
According to an article from CNBC.com, you might see an ROI of about 85% if you spend $10K to replace your windows. An article from HomeLight.com has the ROI at about 81% if you spend $12K on new windows. WindwNation.com, on the other hand, believes you will see a 74% ROI if you spend $15K on your windows.
It’s clear, new windows can certainly increase the value of your home. How much you will gain depends on the windows you choose, the current windows you have, and where your home is located. However, you will likely gain between 70% and 90% of the amount you spend back when you sell your home.
Door Replacement Help With Curb Appeal
One of the fastest and cheapest ways to transform the exterior of your home is with a new front door. Sometimes, just a coat of paint will do the trick.
When you’re considering replacing the front door, you will have several options. Some of the options will be rather inexpensive, while others fall into the luxury door category.
Depending on the type of door you’re replacing and the door you choose, you may gain as much as 91% of the cost back when you sell your home, according to HomeSpireWindows.com.
Along with adding value by upgrading the door, you can also add curb appeal. Replacing the front door can help transform the way your home’s exterior looks. It can also lead to an entire transformation of the entryway adding, even more, curb appeal.
Interior Door Replacements
The front door isn’t the only door to consider replacing, however. You can boost your home’s value by replacing the interior doors, as well. It’s best to replace all interior doors at one time for consistency.
The amount of value you add to your home will depend on the doors you choose and what you’re replacing. However, new interior doors will likely add aesthetic appeal, which can be a huge selling point.
Replacing the Garage Door
Another door to consider replacing for a boost in value is the garage door. BankOGarageDoors.com believes you will average about 85% of the cost of a new garage door in home value ROI.
If you have an older garage door, this can be a huge value adder when selling your home. The garage door takes up a large percentage of your home’s facade. It must be considered when evaluating the curb appeal and buyers will notice it.
How Much do Doors & Windows Matter?
Along with the actual numbers showing how much you will gain in home value, it’s important to know how much doors and windows matter when selling your home. Buyers pay attention to many things sellers may take for granted.
Doors and windows not only add to the curb appeal, but they may also give you a leg up on the competition. If a potential buyer is looking at your home and three other homes, the fact that you have new doors and windows could put your home at the top of their list.
Smart buyers will look at what they may have to upgrades or replace in the future. It’s likely; they will want a home with fewer things to worry about over the next five to ten years. New windows and doors give you one more selling point another house might not have.
When it’s time to consider home improvement projects, whether you’re selling your home soon or just trying to make it more appealing, doors and windows are a great choice. Adding a new front door is a budget-friendly option, while windows offer a nice ROI and energy-efficient benefits.