You are getting a tax return this year. Congratulations! Now for the fun part—deciding how to spend what can feel like a windfall (even though it’s really just the government giving you back your own money). Regardless, a tax return is a great opportunity to spend some money on projects that will help increase your home’s value or make your home life more enjoyable.
Replacement windows and patio doors may not seem like the most exciting option for spending your tax return, but it can certainly be one of the smartest. Replacement windows are one of the few home improvement projects that will actually save you money!
Your old windows could be a major part of the reason why your energy bills are so high, especially in the hot summer months and the cool winter ones. Replacing those windows with energy-efficient dual pane windows and doors could save you a substantial amount of money every month. Add those savings to the amount your home will increase in value, and your windows pretty much pay for themselves. Some experts estimate that you can expect a return of up to 80% of the purchase price of your replacement windows when you go to sell your San Diego home!
Replacement windows can also make your home surprisingly more comfortable. It will be easier to maintain an optimal temperature inside, and you will also hear less outside noise. In addition, new windows can help your home feel brighter and more modern, while cutting down on the UV rays that enter your home and cause damage to your furnishings.
New windows are a substantial investment in your San Diego home, especially if you have a large home with many windows and large patio doors. Because of the cost, many people choose to finance replacement windows for their San Diego homes with home equity loans, lines of credit, or other financing methods. All of these options, of course, require paying interest, which will increase of the overall cost of your replacement windows and doors. By using your tax return to pay for your windows, or at least for a down payment on them, you can lessen the amount of interest you will pay over the life of the loan, or even avoid paying interest altogether.
If you’ve been thinking about replacing your windows, now might be the perfect time to do it!