Homeowners should consider winterizing their properties to potentially lower energy costs, increase comfort in cold months and improve resale value.
"This is the perfect time for consumers to consider making seasonal updates to their homes," said Appraisal Institute President Sara W. Stephens, MAI. "Not only do these types of home improvements enhance living environments in winter months and possibly lower energy costs, but most can provide an above average return on investment in resale value."
Homeowners should focus on these updates for the winter: windows, exterior and furnace.
Adding energy-efficient vinyl windows to the home can have an average payback of more than 69 percent, according to the Remodeling 2011-12 Cost vs. Value Report, published by Hanley Wood. Vinyl replacement windows offer a higher return on investment than wood replacement windows and also have a higher projected return on investment than many other home improvement projects. Replacement windows also can be especially valuable to homes built before 1978, due to the importance of reducing lead-based paint in older homes.
"This is the perfect time for consumers to consider making seasonal updates to their homes," said Appraisal Institute President Sara W. Stephens, MAI. "Not only do these types of home improvements enhance living environments in winter months and possibly lower energy costs, but most can provide an above average return on investment in resale value."
Homeowners should focus on these updates for the winter: windows, exterior and furnace.
Adding energy-efficient vinyl windows to the home can have an average payback of more than 69 percent, according to the Remodeling 2011-12 Cost vs. Value Report, published by Hanley Wood. Vinyl replacement windows offer a higher return on investment than wood replacement windows and also have a higher projected return on investment than many other home improvement projects. Replacement windows also can be especially valuable to homes built before 1978, due to the importance of reducing lead-based paint in older homes.
