Siding and window replacement can boost your home’s value. For the average homeowner, this can sound a bit vague, especially if you’re not expecting to sell or rent out your home. In today’s post, we take a look at what it means to boost your home’s value and what siding and window replacement can do for your home.
Home Improvements and Home Value
With most kinds of home improvements, the return on investment (ROI) is pretty much straightforward if the property is to be sold or rented out as the property owner can factor it into the sale price or rental costs. Projects like siding and window replacement can boost the home’s curb appeal and improve its energy efficiency, which can make the house more attractive to buyers and, therefore, can command a higher asking price.
If you’re not planning on selling or renting out your home, the ROI is derived from features like structural improvements, energy savings, or protection from damage that would otherwise incur costly repairs. For example, upgrading to a roof with high wind ratings can help keep repair costs or insurance deductibles to a minimum.
ROI from Siding and Windows
According to Remodeling Magazine’s 2022 Cost vs. Value Report, siding and window replacement are among the top ten projects with the highest cost recouped at 63.7% and 57.7%, respectively. As discussed above, new siding can boost your home’s curb appeal. Siding like fiber cement can improve exterior wall insulation that can help you save on your air conditioning and heating bill. Low maintenance options may also help you save on the costs of buying cleaning tools and products or hiring professionals to do it.
Window replacement offers similar benefits. Since standard single-pane window glass is poorly insulated, it’s the most common cause of thermal transfer, which causes heat loss during winter and heat gain during summer. Upgrading to windows with insulated glass can solve this problem and make your home more energy-efficient.
Twin Cities Siding Professionals provides siding and window installation services to customers in the Minneapolis-St. Paul areas. Give us a call at (651) 967-0873, or fill out our contact form to schedule an appointment.