When you sit down and consider your Yukon home, you’ll likely understand that it is the most significant investment you have made in your life, at least to this point in time. As with any investment, it’s important to find ways to maximize the return on it.
During the past six or seven years, real estate markets throughout the country have been decimated. Today, certain areas of the country have seen an increase in overall home values, but in the South and Midwest, it has been lagging behind.
Depending on when you purchased your Yukon home, you may still be considered “underwater” with that investment. If that’s the case, you may have been putting off a number of potential improvement projects that could add value to your home. You may be waiting for the real estate market to rebound.
If you are seriously considering taking on any home improvement project right now because you want to boost your investment value, how much are you considering spending? You might be thinking about renovating the kitchen or redoing the bathroom. You may be thinking about finishing off an unfinished basement. As a result, you may be looking at investing $10,000, $20,000, or even more in this home improvement project.
If you are, you may also be missing out on one of the best projects that can maximize the amount you invest in it. That would be replacement windows.
If your current windows are at least 10 or 15 years old, it’s time to seriously consider replacing them. The average life expectancy of windows in Yukon, Oklahoma is about 10 to 15 years. The older your windows are, the more money they could be costing you in not only assessed value (if you plan on selling your home in the next couple of years) but also in energy costs.
How older windows can be costing you money.
The older that windows are, the less efficient they happen to be at keeping heat inside the house during winter and cool air in the summer. 40 percent of a home’s heat and cool air is lost through the windows and doors. The older those windows are, the more energy is being lost on a regular basis.
This is going to cost you money every time the heating system or cooling system has to run.
Now, let’s discuss why investments matter.
Investments don’t always work out the way we plan. If you purchased your home before the housing bubble burst, you know all about that. However, research and understanding the potential benefits of any investment is one of the best ways to maximize the return on it.
When you’re talking about certain home improvement projects, there are a few that could actually help increase the assessed value of your home. A kitchen remodel is at the top of the list, but most of them will cost at least $20,000 to have it done right.
Replacing old, outdated windows is in the top five of home improvement projects that can help boost the value of the house. The average investment that Yukon homeowners have to make in replacement windows to actually get a return on it is between $5,000 and $7,000. That’s a fraction of what a kitchen renovation could cost.
What other home improvement projects do Yukon homeowners take on in an attempt to boost the value of their home?
Fixing or replacing the roof is one. The kitchen renovation is another. Remodeling and redoing the bathroom, whether it’s a master bathroom or the main one, is yet another. Some people look to improve their outdoor living space, such as adding or replacing a deck, installing a brand new patio, adding a wood burning stove outside, a stone wall, walking past, and more. Finishing off a basement is popular, but it poses numerous challenges as well.
Adding an addition onto your home is often going to be the single most expensive investment you can make, and while it will certainly add square footage and possibly even an extra bedroom or two, the return on that investment will be subject to factors beyond your control.
Replacement windows keep full control in your possession with regard to how much they increase the value of your home.
How should you think about replacement windows?
If you are like most other people who own a home, you may have a tendency to be thinking about replacement windows as an expense. Because there are windows already in place, it seems like a waste of money to have to buy brand new ones. This often leads to people choosing the cheapest possible windows they can find.
You need to think about replacement windows as a significant investment. If you do that, you will be more likely to take time looking at all of the various options you have available to you.
You could choose from vinyl windows, aluminum custom made windows, or even fiberglass windows. You can choose to replace a double hung window with a bay window, sliding window, or even a casement window.
Once you begin to see the options that are available to you, and you understand the importance of this home improvement project as an investment, it will be easier for you to make the right choice for your home and family.
Replacement windows are one of the best investment opportunities that any homeowner will have, whether you live in Yukon or anywhere else around Oklahoma City. In order to fully understand how important it is to choose the right replacement windows for your home, contact Sooner State Home Improvements. We have been in business for 25 years, are an A+ Better Business Bureau rated company, and have been recognized by our previous customers and friends throughout the area as one of the best.
When you’re talking about an investment, you deserve the best.