4 Things to Keep in Mind for Your Window Replacement Budget

As with any type of home improvement project, a window replacement calls for careful preparation. After all, it is a major renovation project, and you want to get it right the first time. Before you hire a contractor for the job, one of the most crucial things you need to do is to determine the amount you’ll be spending for this project. 

While budgeting for your project may feel stressful at first, it’s not entirely impossible to pull off. As one of the leading window contractors in the state, STL Windows Direct explores four important things to keep in mind. 

1. Material Costs

The first thing you need to consider when preparing a budget is the cost of materials. Materials may include a plethora of things such as nails, tools, and any necessary materials for trim, insulation, and many more. The frame material is also a factor that will determine the total cost of your windows. Vinyl windows are often the most affordable option, while fiberglass windows are the most expensive. 

2. Labor Costs

Many homeowners find it tempting to replace windows on their own because it’s much more affordable. However, going the DIY route has its risks — a single misstep can lead to costly repairs later on. Thus, you need to take labor into account when budgeting for your window installation project. It makes more sense to leave the job to the pros, as you’ll find that it’s more cost-effective than having to deal with the expenses associated with DIY replacement. 

3. Removing Old Windows

While this is not a huge expense, the cost of window removal and disposal needs to be factored into your project. If your window contractor finds any underlying damage that needs repairs, it’s best to add 10 percent to your proposed budget to be safe. This way, you don’t have to shell out a lot of money in the event your contractor comes across unexpected damage. 

4. Home Equity

If you want to finance your window replacement project, your home equity can play a key role in everything, including your loan amount and interest rate. The equity refers to the difference of what you owe on your home and the appraised value determined for it. For instance, the more of your mortgage you already have, the higher your equity in the given property. Thus, the more equity you have in your home, the higher the financial ability to purchase your windows. 

As the trusted installer of Direct windows in the area, STL Windows Direct is committed to getting the job done efficiently. When you choose us as your windows installer, you’re not just choosing a better window — you’re choosing a more comfortable home, increased energy savings and a lifetime return on investment! To learn more about our Smart 365 Innovations windows, give us a call at (314) 690-5800 , or fill out our online contact form to request an estimate.