Over time, rental property owners will need to replace older windows due to a lack of maintenance, breakages, or changes in the styles of homes. If you are replacing the windows in your rental property for financial gain, maintenance, and upkeep, or for aesthetics, there are also other benefits that make the investment worthwhile. Initially, the amount it costs to replace the windows can be daunting. However, by going through each benefit of replacing the windows, you can see that new home windows bring a long-term reward. Investing in replacement windows will add value to the rental property and benefit you as the landlord, as well as the new or current tenants as well.
Benefits of Replacement Windows in a Rental Property
Increase the Desirability to New Tenants
When looking for new tenants to occupy your rental property, the goal is to make it look as attractive as possible. One of the ways you can increase the curb appeal of the rental property is by replacing windows as necessary.
New and updated windows are a feature that will make the property a lot more desirable to potential tenants. This reduces the risk of rent not being paid due to non-occupation, as new windows can help shorten the period in which you are promoting the vacant rental. With all brand new windows, chances are you will have a higher rate of people looking at your property. Investing in replacing the windows is an investment to attract more customers.
Retain Current Tenants
Not only do replacement windows attract possible tenants, but they also help retain the current tenants of the rental property. If you keep your tenants happy, they will not be inclined to look somewhere else. Retaining tenants doesn’t just mean replacing the windows. Adequate maintenance of the windows will go a long way as well.
Investing in replacement windows is an investment towards keeping the tenants who are paying rent every month. Tenants aren’t always easy, therefore, if you have found good tenants, it is best to do everything possible to keep them. Tenants tend to look for better places when there are leaky, old, and unmaintained windows. In such instances, chances are it is not just the windows that need to be looked at.
As an owner of a rental property, there may be circumstances where tenants are not happy with the costs of electricity. In some rental properties, there are fixed monthly energy bill rates included in the rental agreement which have been estimated. The tenant can then use less than or sometimes more than the given amount.
One way to lower heating and cooling costs is by installing new windows or replacing window frames. Older single-pane windows are less effective for coping with Midwest weather conditions. This can lead to tenants using other means to regulate the indoor temperature. Poor insulation could mean that tenants are using the heater for longer during the colder seasons or increasing the usage of the AC unit in hotter seasons.
Energy-efficient windows can help reduce the wear and tear on the HVAC as tenants try to regulate indoor temperatures. Although replacement windows will be a larger investment initially they will contribute to reduced power usage and HVAC wear and tear in the long run.
Protect the Goods in the Interior of the Home
The powerful UV rays from the sun can sometimes cause damage to objects that are inside the rental property. In fact, direct sunlight can cause the color of objects to fade, or even break from getting too hot. Some types of windows have UV protection in the glass which helps reduce or eliminate the damage that can be caused by the sun.
Investing in windows with UV protection will reduce the cost of replacing and fixing certain objects. This will also contribute to the retention of tenants as they are happier with the home.
Additional Reading: Energy Performance Ratings for Windows, Doors, and Skylights
Discount Window and Door of Omaha
At Discount Window and Door of Omaha, we are committed to providing the best quality doors and replacement windows. We employ the most skilled installers to ensure the highest standard of quality service. Our installers are highly trained, certified industry professionals with years of experience, including some second and third-generation employees.