Why New Windows Are A Great Investment
In today’s higher interest rate environment in which 30 year fixed mortgages have exceeded 7%, it has become increasingly more likely that homeowners are opting to stay put in their current residence as opposed to finding a new home. In fact, according to Realtor.com, roughly 82% of homeowners feel the recent spike in rates has created a golden handcuffs effect in which it would be financially irresponsible to consider moving, most notably for those who took advantage of when rates were under 3% just a couple of years ago. As a result, homeowners are reinvesting into their properties like never before. Total home renovation annual spend is estimated to reach $485 billion by the end of 2023 per a recent study by Harvard University.
Replacing your windows and doors continues to offer one of the highest return on investment percentages among all home renovation projects, up to an impressive 77% return. Not only that, but also consider that up to 30% of your heating and air costs are likely the result of poor performing windows. So for every $100 spent on your utilities per month, up to $30 of that could be saved with updated energy efficient windows. Windows and doors not only add character and curb appeal to your property, but are significant contributors to the overall energy efficiency of your home or business. It’s easy to see why windows remain one of the best home improvement projects and make for great short-term and long-term investments.
Most windows have a typical lifespan of anywhere from 15 to 30 years before needing to be replaced. Depending upon the material type, general wear and tear, and whether or not routine maintenance was performed, that range can vary significantly. Not all windows are created equally and over time, all windows will show signs of damage and/or poor performance. To make matters worse, an incorrectly installed window can erode all expected value and energy savings while quickly leading to more severe and perhaps structural issues. Unfortunately, inaccurately sized and improperly installed windows are far too common in this industry, leaving homeowners with a headache and more costly problems to navigate. That is one reason it is critically important to not only choose a quality product but also an installation company that you can trust.
At Wallaby Windows of Nashville, we are dedicated to providing a simple, “pane-free” experience from beginning to end because we value your trust in us as your service provider. You can rest assured that we will treat your property as if it were our own. We offer a diverse range of premium products at competitive prices, industry-leading order delivery and install timelines, high quality installation, and a customer experience you’ll be excited to tell your friends and neighbors about. If you’re considering new windows or doors, let us show you what makes us unique. Give us a call today for your FREE in-home consultation.
We can’t wait to show you the Wallaby Difference!
