3 Energy-Efficient Upgrades That Can Add Value to Any Home
Posted by Lauren Schneider on Tuesday, February 23rd, 2021 at 8:28am.
In today's increasingly eco-friendly world, more homeowners are doing their part to reduce their carbon footprint. One of the primary concerns in doing so is whether energy-efficient renovations will be worthwhile. To try and boost the return on investment (ROI) of the property with efficient changes, owners must choose smart enhancements that buyers are willing to pay for. The following projects should be considered for high-ROI, energy-efficient upgrades to help owners save money and are desired by buyers.
Insulated Garage Doors
Garages can get extremely cold and hot as the seasons change, making working or even parking in them uncomfortable—and far less efficient. Insulated garage doors add an extra thermal layer of protection inside the casing, keeping more of the elements out of the space.
The average cost of a two-sided, insulated garage door is almost $3,700 and has an ROI of around $3,500. A 95 percent return makes these installations a wise choice, especially if it's time to make costly repairs or replace the doors due to wear and tear or old age.
Replace Older or Inefficient Windows and Doors
The U.S. Department of Energy estimates that homeowners lose 30 percent of their home's heating and cooling efforts through drafty windows and poorly sealed or constructed doors. Their reports indicate that energy savings annually for replacing single-pane windows with dual-pane upgrades can save between $126 and $465.
Beyond everyday savings, window and door replacements offer solid replacement value. The average costs for wood replacement windows is $19,000 with an ROI of nearly 90 percent. Costs and ROI for doors is heavily dependent on the size, style, and materials, with rugged security doors being more affordable and more in demand.
Vinyl replacement windows cost around $16,000 with an estimated ROI of 75 percent. The value rises significantly if low-e glass is selected, which provides additional insulation by reflecting UV rays and by controlling infrared light penetration levels. This means better heating and cooling retention.
Invest in Energy-Saving Smart Home Automation & Appliances
ENERGY STAR appliances can reduce energy use by as much as 30 percent, and buyers appreciate updated devices and their modern features. When a home is transformed into a ‘smart home,' it has a greater appeal to 81 percent of buyers. A few of the most requested smart-home features that buyers ask real estate agents to look for include:
- Laundry devices
- Refrigerators
- Dishwashers
- Ovens and ranges
- Tankless hot water heaters
- Heating and cooling
- Irrigation systems
- Home alarm systems
- Smart locks and lighting
In essence, sellers have the potential to not only recoup their investment costs, but make a profit as these technologies continue to rise in efficiency and popularity. Meanwhile, current owners can enjoy the convenience a smart home and smart appliances have to offer.
Before Upgrading, Call a Professional Smart Home Contractor
In addition to consulting with a regional real estate expert for smart upgrade ideas with high ROI, contact a local home contractor. They are in the know when it comes to what their clients are installing and how to get the most value out of any home upgrades and renovations.