Four Reasons New Windows Are Good For Your Bottom Line

If you manage or own residential housing—an apartment complex, condominium building, or a townhouse community—it can be daunting to think about replacing all of the windows. Sure, new windows are a benefit to the residents, but did you know they can increase your bottom line as well. How? Read on to see why new windows can help save and make you money.

• New windows are more energy efficient. According to the U.S. Department of Energy, heat gain and heat loss through windows are responsible for 25–30 percent of residential heating and cooling energy use. Installing new windows can help to bring that number down, reducing the amount of heat transfer through the windows. Insulated vinyl frames, low-E coatings, double-paned windows with gas fillers are recommended window options to increase energy efficiency in an apartment complex or condo building.
• They can reduce maintenance costs. Updating the windows throughout an apartment complex or townhouse community will greatly reduce your maintenance costs. Maintenance staff won’t have to deal with jammed frames, broken locks, or damaged screens or glass, freeing up their time to deal with other issues and saving money on repair expenses.
• Updated windows attract new tenants and retain current ones. Potential tenants have a lot to think about when searching for a new apartment. With updated windows throughout the complex, you can assure them that the windows provide safety, reduce noise, and operate smoothly. Your current tenants will be happy too! New windows can help set your complex apart from the others and increase your occupancy rates.
• You can take advantage of tax credits. The Inflation Reduction Act of 2022 provides federal tax credits and deductions that empower businesses to make their buildings more energy efficient. This includes updating to new, energy efficient windows. Commercial buildings, including housing complexes, that increase their energy efficiency by at least 25 percent will be able to claim this deduction, with bonuses for higher efficiency improvements.

Upgrading the windows in a housing complex not only makes tenants happy but can greatly improve your bottom line. To learn more about options for windows in apartments, townhouses and condo buildings, contact True View today.