Are you wondering if it’s worth it to replace the windows in your home?
On average, window replacement projects have a return on investment between 68% and 72%. New windows aren’t only a good investment, but they can help you save money in the long run by making your home more energy-efficient.
All of this sounds great, but how much does it cost to install new windows? Before you can enjoy all the benefits of new windows, you have to know that you can afford them first.
Image by Ryan Doka
We’re here to help. Keep reading to learn about the average cost of new windows and the different factors that impact the overall price.
Average Cost to Install New Windows
The truth is that when it comes to setting a budget for new windows, each project varies. So, let’s start by looking at averages.
The average window replacement cost ranges somewhere between $200 and $1,500+, per window. So, if you have a smaller home and you choose basic windows, you might only have to spend a few thousand dollars.
However, if you want the best of the best and your home has plenty of windows letting in natural light, your budget will need to be much higher.
Most window replacement projects fall somewhere in between.
Factors That Impact Window Installation Cost
With such a wide cost range, it can be hard to know how to set a realistic budget for your project.
Fortunately, you have some control over how much you spend, because there are several factors that affect the final cost of the project.
Types of Windows
There are plenty of different windows you can choose for your home, all with a different price tag. Some of the most common types of windows include:
Awning and double-hung windows tend to be on the lower end of the price scale, while picture and bay windows are more expensive.
Do some research about the types of windows you prefer when setting your budget.
Size of Your Home
As we mentioned briefly above, the more windows you have to replace, the more expensive your project will be. When planning your project, think about your motivation behind it.
Are your windows older and no longer energy-efficient? Or are you replacing them for aesthetic purposes? Depending on your answer, you may not need to replace every window in your home.
As a result, the final cost of your project could be lower.
In addition to paying for the cost of materials, you’ll need to account for labor costs when planning your budget.
A lot of this depends on the window installation company you choose for the job. Shop around a bit to get an idea of the average labor costs in your area.
Then, research companies with lots of installation experience and good customer reviews. While a newer, less experienced company may be cheaper, remember that you get what you pay for.
It’s best to hire a company with a great reputation, even if it’s a little more expensive.
And, don’t forget to ask about the removal of your old windows. Most window installation companies will dispose of them for you at no extra charge, but it’s best to clarify that before signing a contract for your project.
Energy Efficiency Levels
One of the most attractive reasons to replace your windows is that newer windows are more energy-efficient. And, some windows even have additional efficiency features to help you save even more money.
When buying windows, remember to weigh the costs of the windows against the potential energy savings once they’re installed. A lot of times, it’s worth it to spend more upfront to save over time.
What kind of windows do you like the best? Just like there are different types of windows, there are different window materials you can choose.
The most common window materials are:
Before picking out new windows, do some research about the pros and cons of each material. For example, vinyl windows are low maintenance and tend to be cost-effective.
Wood windows, on the other hand, can be more expensive and more prone to damage over time. And, while steel windows are expensive, they’re also incredibly durable and they’re fireproof.
The material you choose will greatly impact the final cost of your project.
Age of Your Home
How old is your home? Generally speaking, the older it is, the more expensive it will be to replace your windows.
That’s because your existing window frames likely have damage that needs repair before installing the new windows.
The installers may need to add caulking around the frames to seal up any air gaps, adding to the final cost.
Additionally, many older homes have windows in hard to reach places. The harder it is for the installer to reach your windows, the more expensive their labor costs will be.
Rebates and Warranties
When talking to your window installer, be sure to ask about any available rebates for your windows.
If rebates are available, you can save money on the total cost of your project, effectively getting paid to update your home.
You should also ask about warranties. While you might have to pay a little more upfront for certain warranties, it can give you peace of mind that if something goes wrong, you won’t be out any additional money.
Start Updating Your Home Today
Now that you know more about the average cost to install new windows and the factors that impact the final price the most, you can start planning your project.
Start by setting a budget based on what you’re comfortable spending and then begin talking to local window installers to find the best company for the project.
A more energy-efficient home, with a great return on investment, is just around the corner!
Looking for other ways to improve your home at the right price? Read through our other articles before you go.