Monday, September 24, 2012

Investing in Your Home - New Windows

We made a big investment in our home today.  We purchased replacement windows from Andersen Windows

{Current windows - taped for painting}

{Current windows}
{Current windows}

I think one of the hardest decisions when you're a homeowner is how much money to invest in home improvements.  There's never a guarantee that you'll get money back on your investment and there's definitely no guarantee what the real estate market will be doing when you're ready to sell.  If you're going to spend a lot of money on home improvements, my advice is to only take care of things that need to be done or that will enhance your own experience in your home.

The windows in our home are original construction (1978) and they are beautiful, but they're not energy efficient.  We use oil to heat our home and filling up our tank 4 to 5 times a year at >$700 a fill is not cheap.  We run central air in the summer and our electric bill increases significantly in those months.  By replacing our windows, we hope to recoup our investment in about 8 - 10 years.  We have no plans to move, so hopefully we'll see that money back.

Depending on who you ask, there are certain improvements you can make to your home that provide the biggest return on investment.  Windows usually make the list with returns on investment of about 70% to 80%.

While a return of that size would be great, we're really looking forward to having windows that are functional (ours are single pane with stormers and are hard to open), easy to clean (hello tilt in! bye bye spider webs), and enhance the look of our house. We're especially happy about the energy savings too.  And I can't complain about not having to paint any more window panes (the new windows will be white).  I've been slowly repainting all the window trim and panes white since we moved in.

I hope that we made a good decision, but we'll see.  Have you replaced windows in your home?  Did you see a return on investment or savings in energy costs?  How do you make a decision about what home improvements to tackle?

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