Home renovations can be a double-edged sword: they may come with hefty costs but are often essential. Whether you’re upgrading the kitchen, converting the garage, or replacing windows, each renovation has the added benefit of improving the marketability of your home. Among these, installing new windows, specifically energy efficient low-e glass windows—stands out as a renovation that offers a fantastic return on investment. But just how much can new windows increase your home’s value? Let’s break it down.
How Do New Windows Increase Property Value?
Old, inefficient windows can pose several risks for homeowners, from cold drafts to condensation issues and even reduced security. For potential buyers, these problems are red flags that suggest more trouble down the road. On the other hand, a home with new windows represents an energy-efficient, weatherproof, and secure environment—qualities that are highly appealing to buyers.
The Financial Impact: How Much Value Can New Windows Add?
Understanding the potential return on investment for any home renovation is a big decision-making factor. In Australia, the financial benefits of installing new, energy-efficient windows are well-documented. Several studies and market reports indicate that new windows can significantly boost your property’s market value.
Increase in Property Value
According to the 2022 Cost vs Value report, the average return on investment for installing new double-glazed windows is 72%. This means that if you invest $10,000 in new windows, you could potentially see your property value increase by around $7,200. The exact amount will vary depending on factors like the quality of the windows, the overall condition of your home, and the current real estate market conditions.
Plus, you eliminate the risk of old windows becoming a sticking point in the sale process, ensuring a smoother transaction when it’s time to sell.
Reducing Your Energy Bills
In addition to boosting your property’s value, new windows can lead to substantial savings on your energy bills. Heating and cooling typically account for around 40% of your total annual energy costs. Upgrading to double-glazed or low-emissivity (low-e) windows can dramatically reduce heat loss in winter and limit heat gain in summer. This upgrade could save you between 5% and 10% on your energy bill. For example, with the average electricity bill in South Australia at $2,300 in 2018, a 10% reduction could save you approximately $230 annually.
Enhanced Energy Efficiency
Moreover, energy-efficient windows are increasingly considered a valuable “liveability” feature in Australia, especially those certified by the Window Energy Rating Scheme (WERS). Homes equipped with WERS-rated windows often command higher market prices, attracting eco-conscious buyers willing to pay a premium for properties that reduce both energy costs and carbon footprints.
Improved Curb Appeal
First impressions matter, especially when selling a property. Outdated, dirty, or damaged windows can detract from your home’s curb appeal, potentially lowering its market value. By investing in replacement windows, you can transform the exterior of your home, making it more attractive to potential buyers.
Additional Benefits of Replacing Windows
Double glazing offers a myriad of additional benefits beyond energy savings. It improves home insulation, reduces noise pollution and creates a more comfortable living environment through the reduction of condensation. For a more detailed look at the advantages, you can explore our comprehensive guide on the benefits of double glazing here.
Should You Replace Your Windows Before Selling?
If your current windows are in poor condition and could potentially hinder the sale of your home, replacing them could be a smart investment. In some extreme cases, the increase in market value may even offset the entire cost of the refurbishment. However, if your windows are still in good shape and functioning well, there might be no immediate need to replace them.
If you’re unsure about the condition of your windows, it’s advisable to consult a professional for a thorough inspection. A professional assessment can provide clarity on whether a replacement is necessary or if minor repairs could suffice.
Final Thoughts
For homeowners in Australia, where the climate and real estate market increasingly demand high-quality, energy-efficient solutions, new windows from a trusted provider like Premier Windows can make a noticeable difference. Whether you’re planning to sell in the near future or simply want to enjoy the benefits of a more efficient and attractive home, upgrading your windows is a decision that offers multiple rewards.
Learn more about Double Glazing in Perth here, and discover how Premier Windows can transform your living space. Or contact us today to explore the best options for your home and discover how we can help add lasting value to your property.
