Although it is difficult to find accurate figures for the return on investment enjoyed by homeowners in Toronto who have recently completed home improvement projects, or indeed accurate figures for anywhere in the country, it is possible to take the figures released by a couple of respected institutes and determine some basic trends from them. We can, for example, easily see that landscaping the grounds on which your property stands can result in a return of 2.5 times your initial investment should you choose to sell up and move in the future. While replacement doors and windows may not offer quite such a staggering return, they do represent one of the better investments as far as improvements to your property rather than its grounds are concerned.
ROI for Replacement Windows and Doors
If you decide to replace either your entry doors or your exterior windows in the near future, you can expect to see a return on your investment, in the event that you should subsequently decide to sell your property, of between 50% to 100%. This is obviously a very good return, making both options a very popular choice of home improvement project in Toronto and across the country. Below are some of the reasons that property buyers place so much value on good quality replacement windows and doors.
- Curb Appeal – First impressions are very important, as almost everybody is aware. When prospective buyers come for a viewing, the first thing they will see on their arrival is the exterior of your home. If you have recently had quality doors and double-glazed windows fitted, your property will be looking its very best from the outside and is sure to make a good impression. Potential buyers who already like your house before they go through the front door are far more likely to make an offer, and a generous one at that.
- Lower Utility Bills – Most buyers are aware of the fact that modern windows and doors are far more energy efficient than their predecessors. What this means is that any house they view that already has modern replacement units fitted will be more attractive to them as a long-term investment because it will cost less to heat in the winter and less to cool in the summer. Lower utility bills are an especially attractive incentive for couples that are taking on a big mortgage for the very first time.
- Lower Carbon Footprint – The same energy efficiency that results in lower utility bills will also result in a smaller carbon footprint for whoever lives in your property in the future. Environmentally concerned citizens will therefore be more inclined to make an offer on your home than on a comparable property with less energy efficient windows and doors fitted.
- Ease of Maintenance – Modern vinyl window units and composite doors are much easier to maintain than the timber fixtures that are a feature of many older properties in the city. They will not warp or crack in the heat and humidity that are a regular feature of the summers here, nor will they rot when exposed to torrential rain for weeks on end. Timber doors and timber-framed window units need refinishing on a regular basis if they are to remain in good condition whereas vinyl and composite units only require an occasional wipe down with a wet rag to keep them looking good.
Call or email us today to find out more about the benefits of replacement windows and doors. If you would like a free estimate for your property, we will be more than happy to oblige.