When it comes to home improvement projects, homeowners often give precedence to factors like aesthetics and comfort. Don’t forget, though, that there’s also a financial component that you must take into consideration. Most residents and business owners don’t realize that windows and siding replacement have a high ROI, or return on investment.
The Report at a Glance
According to the 2015 Cost Vs Value Report, windows and siding have among the highest ROI in the Pacific Coast states when it comes to remodeling projects. Vinyl window replacement has a 90.5% ROI. Wood windows, while more expensive, have a slightly higher ROI at 95.4%. This is slightly higher compared to the national average ROI of 72.9% and 78.8% respectively.
Siding replacement also has a higher than average ROI at 88.9% for vinyl siding, compared to 80.7% for the national average.
The report analyzes various remodeling projects, the average cost of each, and how the costs compare with the value those projects retain at resale. The figures listed also pertain to midrange projects as opposed to upscale remodeling. There is a separate ROI listing for upscale projects, which you can look up in the link.
With the ROI being under 100%, some homeowners are under the impression that they’re losing money in the long run. Keep in mind, though, that the figures don’t take into consideration the money saving benefits. Newer windows in particular have improved insulation properties that help you cut back on energy costs. This especially helps you save money if you plan on living in your home for a few more years or decades before selling.
Invest in Windows and Siding Replacement for the Best ROI
Contact Exteriors Unlimited today or look up our gallery of past projects. With windows and siding replacement yielding high ROI, you will improve your home with upgrades that will pay themselves off.
Edited by Justin Vorhees
Windows & Siding Replacement for Spokane Valley Homes
Serving Spokane, Spokane Valley, Liberty Lake, Medical Lake, Cheney, Sprague, Reardan, Spangle, Rockford, Fairfield, Edwall, Ford, Clayton, Deer Park, Colbert, Chattaroy, Mead, Airway Heights, Davenport, Ritzville, Nine Mill Falls, Rosalia, Oakdale, Tekoa, Colfax, St. John, and Endicott Springdale, Elk, Post Falls and Coeur d’Alene since 1984