Budgeting is one of the most important steps in planning a window replacement project. Mistakes could result in overspending or making compromises just to get the job finished. In this blog, replacement windows and patio doors company Renewal by Andersen® of Denver share tips on how to prepare your window replacement budget.
Research the Ballpark Price
Window replacement companies never give an exact figure until after measurements have been made and options have been discussed. This is because no two homes have the same exact replacement window requirements. The final window replacement cost depends on many factors: window styles, finishes and glass packages, added with the number of windows that have to be replaced in the house. All of these factors can make a significant difference in what will be ultimately reflected in the quotation.
Some homeowners hesitate to undertake such a project because they have no idea what the ballpark price is. Having described such factors, there’s no reason why you can’t ask friends or family who have had their windows or sliding glass doors replaced recently. Knowing that your own window replacement project cost will be different, a ballpark price can help you figure out whether you can finance it and ensure its completion.
Consider Financing Options
Cash is still the best payment option, which is why many homeowners prefer to save up for their remodeling projects. It doesn’t require approvals, doesn’t incur interest, and, once paid, has no further payment obligations. You should also consider other options, such as credit cards, if cash isn’t readily available. You can also apply for unsecured loans (loans without collateral), or unsecured loans such as home equity loans (HEL), home equity line of credit (HELOC), or cash-out refinancing. Your contractor may also offer contractor financing options.
Include an Emergency Budget
It’s not uncommon for unexpected expenses to pop up during a window replacement project. Sometimes hidden problems that require repairs only come to light when the old windows are removed. Since the costs of such repairs are not included in the quoted price, you need to prepare an emergency budget that’s worth about 10% to 20% of the quoted price.
Renewal by Andersen of Denver is your leading provider of replacement windows and French doors. Give us a call at (303) 968-3287 or fill out our contact form. We serve customers in Denver and nearby areas.