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Selling a home isn’t always easy – even if you live in an area with as many things to do and see as Knoxville, Tennessee. Today’s buyers have less money and more expectations, which means that many properties can sit on the market for months, or even years at a time. Fortunately, a property that is in great shape can often sell faster than one that doesn’t look it’s best. That means that a lot of homeowners think about making upgrades and renovations before they sell their home.
The question is, how much should you invest in upgrades for a house that you’re not going to be living in anymore? One of the most commonly considered options involves replacing your old windows, but how much return on investment could you get from buying new windows for your home, and how much is the effort really worth to you? Well, let’s find out.
One of the most important things that homeowners will consider when deciding whether to replace windows before they sell their home, is how much “ROI” or return on investment they’re going to get. According to experts at the National Association of Realtors in 2016, people who replaced the windows in their property with new, energy-efficient options got about 72% of the project cost back on resale.
It’s worth noting that it’s very unlikely that you’ll get 100% of the money you spend on any renovation back when you sell your property – but 72% is still one of the best returns compared to any other home-based project.
If your home has been sitting on the market for a while now, you might be willing to give up a little bit of ROI if it means that you can move faster. That’s why the second thing you need to think about is whether the right windows, like the right color of paint, will help you sell your home.
According to a survey by the national association of Homebuilders, around 87% of homebuyers consider energy-efficient windows to be incredibly desirably when buying a property. Energy Efficiency will always be an attractive quality in any home, because buyers don’t want to pay too much on heating and air conditioning bills
Additionally, when buyers are moving to Tennessee for the first time, they also don’t want to have to worry about replacing the windows themselves when they move in. This can mean that replacing your windows makes your property more appealing to buyers in search of a simple move.
Remember, when your buyers are coming to your neighborhood looking for homes, they’re not just attracted to the things they can do and see in your part of Knoxville. Your homeowners will also be looking for a style of home that matches their personal preferences. This means that it’s important to keep the design in mind when you’re choosing the window installation that’s right for your property.
Keep an eye on the styles of windows in surrounding houses and try to stick to the theme of the right of the neighborhood. On the other hand, you could always ask your professional window installation company for a little help choosing the windows that are right for the type of building you own.
Renewal by Andersen of Knoxville, the top window contractor in the area, provides exceptional products and services. Call us today at (866) 609-5033 to learn more about our company.