Project budgeting

New windows and patio doors are an investment in your home. Here are some important things to consider when planning your project. 

Return on Investment

Research indicates replacing old windows and doors is one of the highest return-on-investment projects for the home. In addition to the enjoyment of comfort and curb appeal, as much as 102% of the costs are recouped in the home resale.[1]

Windows and patio doors are costly though and most homeowners will only replace them once, maybe twice in a lifetime. Taking the time to establish your budget will help you avoid spending more than you have to without compromising on quality.

what's the difference between new construction and replacement windows?

Budgeting Considerations

  • Go with the season. Contractors and dealers tend to be busier from Spring to Fall, meaning deliveries and installation services may be slower. Start planning early to avoid feeling rushed to make a decision.  
     
  • Check for rebates. Your local utilities company may offer rebates on energy efficient windows resulting in significant savings. 
     
  • Allow for a “cushion”. Even with carefully calculated budgets, it is a good idea to have additional budget set aside for surprises and protect against insufficient funds. 
     
  • Research payment options. If you need new windows and doors in a hurry, but don’t have the cash up front, there may be financing options available.  Home equity lines of credit can be a good resource for financing this type of project. 
     
  • Write down what you want so everyone involved in the project is clear. Try to avoid revisions or add-ons in the middle of your project. It will delay the work and may put you over budget.
     
  • Get a consultation first. Most dealers will offer a free consultation to help you budget, and they can even recommend ways to save money by introducing different window materials and placement options.
     
  • Donate your old windows and doors. Habitat for Humanity is always looking for reusable materials and fixtures. Instead of throwing out your old windows and doors, donate them for future use. You might even get a tax deduction.


[1] .remodeling.hw.net