Boosting home value with new energy-efficient windows and doors: Guide for 2024

As homeowners increasingly seek ways to reduce their carbon footprint and energy bills, energy-efficient home upgrades have become a major trend in modern, eco-friendly living. But with so many home improvements to consider, one retrofit consistently stands out among those financially savvy: installing energy-efficient windows and doors.

New windows and doors offer a whopping ROI of about 70 per cent, significantly enhancing home value and making your property even more attractive in the competitive Canadian real estate market.

Energy efficiency is not just a buzzword but a tangible asset that yields big profits for homeowners and potential investors alike. This comprehensive guide shares all the insights you need about energy-efficient windows and doors, illustrating why they are a savvy investment for any homeowner looking to boost their property’s appeal and market worth.

Why energy-efficient windows and doors for your home renovation?

The Canadian real estate market is witnessing a pronounced shift towards sustainability, with energy-efficient home upgrades becoming a top priority for buyers.

This trend is not just a fleeting fad but a reflection of a deeper, more conscious lifestyle choice. In particular, energy-efficient Costco windows and doors have emerged as key factors in property valuation. Studies indicate that homes boasting such features command higher prices and attract more interest compared to other home retrofits.

This surge in demand is partly fueled by the growing awareness of environmental issues and the desire for reduced utility costs. As a result, homeowners who invest in energy-efficient windows and doors contribute to a greener planet and position their properties at a premium in the real estate market.

Another insight here is that new energy-efficient windows come with a much more reasonable cost. While the energy-efficient windows are set around $7,500 to $10,000 (average for full home replacement), other widespread home improvements will need you to attract 2-5 times more investment:

Kitchen renovation: $35,000 to $50,000
Bathroom renovation: $38,000 to $51,000
Hardwood floors: $17,000 to $23,000

Cost vs. value analysis — do you really need to install new windows?

When considering the installation of energy-efficient windows and doors, homeowners often weigh the initial investment against the long-term value. This analysis is crucial in understanding the true worth of these upgrades. While the upfront cost can be significant, the return on investment is multifaceted and substantial.

First, energy-efficient windows and doors lead to considerable savings in utility bills. Over time, these savings can offset, and often surpass, the initial installation cost. This aspect is especially pertinent since 72 per cent of Canadians state their heating bills increased, and nearly a quarter of them stated the bills “increased very much.”

Additionally, homeowners are welcome to consider various federal and provincial tax incentives and rebates for energy-efficient home improvements, further reducing the net cost. Up to $5,600 from the Canada Greener Homes Grant is still available for those looking to renovate their houses and install energy-efficient windows, doors and other home elements.

From a real estate perspective, homes with energy-efficient features often have a higher resale value. Buyers are increasingly willing to pay a premium for homes that promise lower energy costs and environmental impact. This increase in property value can be a significant financial boon when it comes time to sell.

All in all, while the upfront cost of energy-efficient windows and doors is an important consideration, the long-term financial benefits, both in terms of energy savings and increased home value, make it a worthwhile investment.

Top tips for a successful window replacement project

Installing energy-efficient windows and doors is vital when it comes to enhancing your home’s value and efficiency. However, only buying quality units is a far cry from what is needed to ensure optimal thermal performance and considerable savings on energy bills. Correct installation is equally important.

Here are the key points to keep in mind before your window replacement project begins:

• Selection. Choose windows and doors with a high Energy Star rating, ensuring they suit your local weather conditions. Look for windows with double or triple glazing, low-E coatings and inert gas fills like argon or krypton.
• Professional installation. Deal only with reputable professionals who specialize in energy-efficient installations. Proper fitting is essential to prevent air leaks and ensure maximum efficiency. This is particularly important in older homes where window and door frames need adjustments or replacements.
• Maintenance. Regular maintenance extends the life and efficiency of your windows and doors. Simple actions like cleaning tracks, checking seals and ensuring moving parts are lubricated can make a significant difference. For windows, inspecting and cleaning the weather stripping and caulking annually is recommended to prevent air leaks.

By focusing on these aspects, homeowners not only enhance the efficiency and appeal of their property but also ensure that their investment in energy-efficient windows and doors delivers optimal returns in terms of energy savings and property value.

Wrapping up

Installation of energy-efficient windows and doors represents a smart, forward-thinking investment for Canadian homeowners. This upgrade goes beyond mere aesthetic boost, offering a greener lifestyle, economic savings and substantial property value increase.

As the real estate market evolves, properties equipped with such energy-efficient elements will stand out, attracting more potential buyers who value sustainability and efficiency.

The benefits of energy-efficient windows and doors are clear: reduced energy consumption, increased comfort and a significant boost in property value. Long-term savings and the potential for a higher selling price offset the initial investment, making energy-efficient windows and doors an undeniable asset for homeowners looking to enhance their property’s market appeal and efficiency.