Do Egress Windows Add Value to a Home?
Are you wondering whether or not to have egress windows installed in your home? Whether you’re planning to put your home on the market in a couple of weeks or in many years to come, investing in home improvements that not only improve your use of your space but also increase your home’s value will be a priority to you. You may therefore be wondering whether egress windows are a good investment in terms of improving the value of your home. Read on to find out.
The Value of Installing Egress Windows in Your Basement
There are many ways that adding an egress window can increase the value of your home.
- Increased ‘livable space’
When you install egress windows in your basement, your basement can instantly be considered ‘living space.’ This means that you can finish your basement and create just about any type of living space you can imagine. Thus installing these windows will increase the square footage of livable space in your home. This will increase the value of your home.
- More bedrooms
How many bedrooms is your home listed as having? The number of bedrooms in a home is one of the main considerations that home buyers use when choosing a home. Many buyers start by defining the number of bedrooms the home should have before considering any other factors. If your home currently only has 3 bedrooms, you can increase its value by converting the basement into a bedroom. You can add a bedroom easily without having to invest in a new construction. Research shows that adding a bedroom in the basement can translate to an increase of over $8000 to your listed price.
- Possible source of income
Depending on the design of your basement, adding an egress window may add value to your home by creating a potential source of income. You can create a self-contained unit that can be rented out to earn money. Having a unit that can earn a potential buyer passive income is a great plus.
Should You Invest in Egress Windows?
If you’re looking to increase the value of your home, investing in an egress window is a great way to go. Your home will benefit greatly from the increased livable space. Be sure to have your egress window installed by a professional so that you can enjoy all the benefits that come with it.