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3 Ways to Increase Home Value

| March 21, 2019
3 ways to increase home value

For 40 years, Magic Window Innovations has provided the GTA with some of the most advanced residential windows in the world. Our innovative replacement windows, patio doors and Window Walls can add style and performance to any home. Welcome to our blog, where we provide consumers with the information and inspiration they need to make informed decisions about replacing their windows.

Savvy homeowners are aware that choosing renovation projects is not simply about refreshing the aesthetics or the functionality of a home in the short term. Each improvement you make to your home should be seen as an investment in its own right. And like all investments, the quality of the return matters the most. Because renovations typically have high upfront costs, it’s important for homeowners to make strategic decisions about the projects they take on. Replacement windows may not seem like the flashiest decision at first glance, but they are an extremely reliable way to increase the value of your home.

Read on to learn more about how replacement windows increase home value, as well as other strategic home improvement ideas.

1. Invest in Replacement Windows

Replacement windows present an excellent opportunity for homeowners to boost the value of their home. As with most renovations, it’s important to think into the future and the potential ROI rather than fixating on the upfront cost. If done correctly, window replacement has one of the highest ROI’s of all home renovation projects. By investing in efficient vinyl replacement windows, you can recoup between 70 and 80% on your initial investment.¹ It’s important to understand that very few large-scale home renovations ever recoup 100% of the money invested.

The reason why replacement windows are such a sound investment is that they address two essential areas: aesthetics and energy saving.

New Windows Add Aesthetic Improvements

When it comes to home buying and selling, curb appeal still pulls quite a lot of weight. Quality replacement windows with modern touches can improve the look of the front of your home, as well as the sight-lines from the interior. These modern touches include replacement windows with thin frames, custom grills and unique finishes. If executed correctly, these design elements can create a contemporary look and let in more natural light, while not compromising on durability. From a more practical standpoint, windows that show their age are an immediate red flag for prospective home buyers.

Windows That Conserve Energy Boost Home Value

Embracing energy conservation can have a very positive impact on home value, especially in locations where temperature fluctuations throughout the year are common. In these variable climates, the primary reason windows fail is the expansion and contraction of the frame due to extremes in cold and heat, allowing external elements to penetrate the window. Vinyl windows that use multi-chamber pocketed, PVC frames better adapt to these weather fluctuations, keeping the home better insulated year-round.

Another reliable way to improve your home’s energy efficiency is to invest in replacement windows that have Energy Star certification. Energy Star windows are highly efficient and must meet certain design and performance standards. The criteria for certification include factors like heat transfer, heat gain and air leakage. After these performance indicators are quantified, the program assigns the windows an overall energy rating. To qualify, windows must meet or exceed certain ratings relative to the climate zone in which the home is located.²

With Energy Star windows, the difference in performance can be significant. This is especially true if you’re replacing outdated single-pane windows with leaky frames. Efficient windows are appealing to prospective home buyers, not only because of their energy-saving capabilities, but because of their innovation design aimed at reducing the home’s carbon footprint over the long term.

Learn More About Our Innovative Replacement Windows

2. Paint the Interior/Exterior of Your Home

In terms of cost-effective projects that have the potential to increase the value of your home, painting is a great option. Interior painting can be done periodically over time, which helps to reduce costs while allowing homeowners to adapt to changing painting trends. Depending on their comfort levels, many homeowners also save money by doing it themselves. This DIY, touch-up approach can lead to a very high ROI if executed properly.

Exterior painting is a far bigger job which should almost always be done by a professional. Despite the bigger scope and higher cost, it can still be a cost-effective way to increase home value. As far as choosing a colour, it’s important to strike a balance between staying neutral, staying on trend and staying true to the style of your home. If done properly, exterior painting can roughly lead to a 55% ROI.³

3. A Kitchen Refresh

Very few rooms in the home matter as much to prospective home buyers than the kitchen. Consequently, kitchen remodels and renovations have a very high ROI, in some cases reaching as high as 79.3%.⁴ The only catch there is that kitchen remodels have a very high upfront cost.

While the ROI should be the primary focus, the hesitation to commit head-on to a full scale kitchen renovation is understandable. Instead, homeowners can focus on gradual refreshes to the kitchen such as updating certain appliances for continuity, or having the kitchen cabinets painted. Completing these small refreshes make it all the easier to work up towards a full-scale remodel. As with painting, a careful consideration of style is paramount to ensure a return on investment.

Increase Your Home Value With Magic Window Innovations

It’s always a good time to think about increasing the value of your home. Replacement windows are both a sound investment for the future and a beautiful, practical addition to your home in the short term. Our Replacement Windows combine style, innovation and an industry-leading 40-year warranty. If you’re ready to transform your home and boost its value, book a free, no hassle consultation today.

Learn More About Magic Window Innovations >>

Sources:

1. https://modernize.com/home-ideas/26994/replacement-windows-is-the-value-worth-the-cost

2. https://www.nrcan.gc.ca/energy/products/for-participants/specifications/13720

3. https://www.opendoor.com/w/blog/paint-colors-that-boost-home-value

4. https://www.fortunebuilders.com/time-tested-remodeling-projects-with-the-highest-roi/


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