Window replacement can be a big project, and an expensive one too. However, you should note that it can also be an investmentconsultation with great returns.

Naturally, it is sensible to establish the budget before beginning such a project, and your contractor should be able to give you a free estimate as to how much the entire window replacement project would cost. While it is difficult to give an accurate estimate (since every project has varying number and sizes of windows) there are a few basic guidelines that can help calculate the window replacement costs for average sized windows in average sized homes:

  • When you opt for double and triple glazed windows, or those filled with argon gas, the cost goes up but so do your energy savings.
  • In the case that the existing window frame is rotten or damaged the entire frame has to be rebuilt, in which case the cost increases.

Credit based funding
Naturally, homeowners can go for home equity funding for such renovations, and in many instances the home equity lines of credit are also tax deductible. Several bank websites can help you calculate the loan payments for such projects. The Canadian Doors and Windows Associations as well as the Government Rebate Information can also offer advice about how to determine what you can afford.

Some Budgeting Considerations

  • Naturally you must decide upon a budget prior to the commencement of the project so that you are comfortable in paying for the replacement through cash or credit.
  • You should base your decisions not just on price alone, but also on the value and quality. After all, your home is your greatest investment.
  • You can opt to get the work done in installments; you can start small so that you can set aside manageable budgets and break down the complete job into smaller tasks. Speak to your contractor about doing so, but keep in mind that the downside to conducting such projects in installments is that the cost, in the long run, is greater.

Great Returns
When you opt for energy efficient windows, you get years of great savings. Modern energy efficient windows and patio doors will:

  • Reduce your energy consumption and lower your utility bills.
  • Reduce drafts and keep your home cozy and comfortable.
  • Improve natural light and reduce the need for electrical lighting.
  • Improve the solar heat gain in winters, or alternatively minimize the heat gain in a hot climate.
  • Provide years of maintenance-free operation and a water tight seal.
  • Reduce noise entering the house from the outside and vice versa.
  • Reduce condensation and dampness, thereby protecting your furnishings, draperies and upholstery from fungal growth or fading.

Rebates and Incentives
The Canadian Government is also giving additional tax deductions and rebates for homeowners who opt for making energy saving improvements to their homes. This further improves the returns you get when you go for window replacement.

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