Are Your Home Windows Raising Your Bills?

Recent surveys have shown that around two-thirds of all homeowners plan on renovating in the near future, but are they really choosing the renovate the right parts of their home? If they’re like many others out there, they may be ignoring one of the best items to upgrade in their house.

Windows aren’t something that most people really think about when they buy a home, or even when they consider home improvement projects. Typically, people just assume that since they already have windows installed in their home, or that their windows don’t need to be replaced unless they’re broken.
The assumption that replacement windows are only necessary when your windows break isn’t true. You may need replacement windows without even realizing it.

In many cases, not getting replacement windows could be costing you dearly without you even realizing it. Don’t believe it? Here are some of the ways your home windows could be costing you extra money in the long and short term.

Tax Benefits

The government has been actively supporting local attempts to help cut down on excess energy use, and one of the ways they have been encouraging people to get better about conserving energy is through tax credits. Depending on where you live, getting replacement windows that are energy efficient could give you Energy Star tax credits—and that can help you when April 15th comes around.

Energy Bill Savings

Drafts aren’t just annoying chills that cause you shivers during the winter. Having a draft can be a serious problem for individuals who are trying to reduce their energy bills. Studies have shown that drafts can increase both heating and cooling bills by as much as 25 percent in a single year.

Older home windows are typically the source of most drafts. By getting replacement windows, weatherstripping, and a little bit more window insulation, you can help reduce drafts in your home significantly.

Better Home Values

Do you want to avoid having to pay more on your next mortgage? If you sell your home for a higher value, you will need to borrow less money. Well-kept home windows can last as long as 20 years and will retain up to 80 percent of their value during that time. Savvy buyers are also more likely to look at windows as a selling point and may also be more prone to buying your house, too.
No matter how you look at it, having updated home windows can help you reduce your bills and save money in both the long and short term. If you’re ready to remodel, it might be time to consider looking at upgrading your windows as part of your next home project.

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