Americans spent $180 million on home improvements in the fourth quarter of 2007, according to the most recent figures available from the U.S. Census. Before diving in and spending a lot of money, homeowners may want to know what improvements will give them the best return on their investment. Replacement windows appear to be a good place to start.
Two main types of replacement windows are available: vinyl and wood casement. Vinyl replacement windows are more popular.
Replacement windows are designed to provide better insulation against cold and heat, are generally more aesthetically pleasing and last longer than traditional metal-frame, single-pane windows.
Replacing the windows in an average home costs about $10,000. Such a home has 10 double-hung, 3-foot-by-5-foot, insulated glass windows, according to the Queens Gazette.
Window replacement was the top value remodeling project in 2006, according to a Remodeling Magazine survey of 100,000 brokers, sales agents and appraisers. It surpassed kitchen and bath remodels with respect to the cost recouped by owners, 89 percent.
While replacing a home's windows may not necessarily add to its resale value, it appears to have one of the highest rates of return among home improvement projects.