How Much Does Double Glazing Cost?
There’s not one simple answer to that question. Think of another question… How much does a car cost? The answer “$13,000 to $3,000,000” doesn’t help you find out the likely cost of the sort of car YOU want. It’s sort of the same with double glazing.
It obviously depends on the size of the window or door, the quality of the units, the different glasses that provide the thermal and noise efficiency.
Everything is custom-made to meet your needs.
Even the installation can vary, depending on the complexity of the installation ( access, double story etc.)
It also depends on whether you are building a new home, or extending or renovating an existing home.
So… Short Answer:
Or… Long Answer:
There are a lot of variables wrapped up in the questions
- how much does double glazing cost?
- what savings will I make on energy bills?
- how will double glazing improve the value of my home?
- what other advantages will I get with double glazing?
We’ve taken a bit of time to explain some of these issues below- we hope you find them useful. Remember…
“Price is what you pay. Value is what you get.”
Double Glazing Your New Home
How Much Does It Cost? What’s The Price of Double Glazing?
When you get a quote to fit double glazed windows and doors to your new home, the figure you are quoted ISN’T the “cost of double glazing.” Why?
Because you were already going to be paying for windows and doors anyway. so…
It’s How Much EXTRA Double Glazing Costs
Imaginary figures, just to illustrate the point…
If you were going to spend $ 15,000* for standard windows and doors, and double glazing price was $ 20,000* the true “cost of double glazing” would be $ 5,000… the EXTRA you were paying.
The great thing about choosing double glazing for your new home, or extension, is that you’ll have access to the cheapest finance you can get. Your Mortgage.
You Could Be Cashflow Positive from Day One. How’s That?
Let’s say the extra cost of double glazing is $ 5,000, and you’re taking out a 25 year principal and interest mortgage, and paying 4.84% interest. The EXTRA $ 5,000 will cost you an extra $ 28.19 per month to repay. That’s only $ 338 a year.
Depending on your building envelope double glazing can reduce your heating and cooling costs by up to 50%. In most scenarios, the savings per year are greater than the extra cost of fitting double glazing. You make a profit, a positive cashflow, from double glazing. And it means that you get all the benefits of double glazing for FREE.
Should I Think Of Double Glazing As An Investment?
Calculate how much you receive in savings as a percentage of the extra you paid.
If your cost was $5,000, and your savings were $ 1,000 per year, your ROI would be 20%. Yes, that ROI would be way better than any other investment you could make. And, don’t forget that your ROI on your investment in double glazing is tax-free.
BTW, That Means You Get All The Benfits of Double Glazing For FREE.
Yes, if double glazing is a more than worthwhile financial investment, then all the benefits of double glazing come for FREE…
- The added comfort of your home
- The reduced outside noise
- The reduce wear and tear on your heating and cooling systems
- The prevention of condensation- mould & mildew, etc
But Wait! There’s More!
Let’s compare investment apples with investment apples.
Let’s say another investment makes you a 10% ROI. Firstly, congratulate yourself, that’s a good return. BUT, if you pay tax, it’s not quite that good. If you pay 25% tax, then you’ll get an after-tax return of 7.5%. For every dollar you make, you’ll get 75c to spend.
The savings you make from fitting double glazing are not taxed. For every dollar you save, you’ll have a whole $1 to spend.
So, when doing your sums, remember that double glazing provides a tax-free return.
And remember that when the mortgage is paid out, you stop paying out, but the savings keep coming in.
Of course, those savings, and your ROI, keep climbing every year, as energy prices go up.
No, this isn’t where we offer you the Six Free Steak Knives 😉 It’s where we tell you that fitting double glazing can positively affect the value of your home. Yes…
Installing Double Glazing Can Increase Increase Your Home’s Value
Of course, the benefits of double glazing will transfer to anyone who buys (or rents) you home in the future. Any Real Estate Agent worth his salt will catalogue the benefits the new buyer or renter will receive. Lower energy bills is obviously the biggie.
Double Glazing Raises The Star Rating Of Your Home.
Let The Bureau Of Statistics Give You The Good News On Increasing Your Home Efficiency
The Australian Bureau Of Statistics was commissioned by the Australian Government to produe a Report to see if energy efficiency ratings had an affect on housing prices. Long story short, they do. The Report, undertaken in 2005-6, and to quote it:
“the basic assumption was that across the range (0 to 10) of EER star rating, an increment of 0.5 amounts to a constant 1.2 per cent increase in house price.” That’s 2.4% per each star rating increase.
If you spent $ 10,000 dollars to fit double glazing, and that raised the value of your $400,000 home by 2.4%, that would be $ 9,600! How good would that be? Don’t take our word for it, read the Report for yourself here…
Ric Butt, a leading Sustainable Architect at Strine Environments, gives an excellent, concrete example…
“Recently, the addition of good double glazed windows… took one of our houses from 7.5 stars to 9.5 stars.”
Consider The Cost Of Doing Nothing: Of NOT Double Glazing
Sadly, there’s always a cost in NOT acting.
Yes, double glazing costs money. But so does NOT fitting double glazing.
In finance, they talk about opportunity cost. Applied to our situation, it says that by NOT fitting double glazing, your are choosing to continue experiencing a lot of unpleasant things. You are, in effect, choosing…
- To be exposed to high, and ever-rising heating and cooling costs
- To put up with excessive outside noise
- To be hotter in summer
- To be colder in winter
- To put up with large swings in temperature in your home
- To have shorter lives for your heating and cooling systems
- To be exposed to mould and mildew through condensation etc., etc.
So Double Glazing Is A Good Investment For Your Home. Let us Show You HOW Good.
Arrange a quote, and we’ll come to your home, analyse your needs, discuss your choices, and give you a quote based on the best outcome. Give us a call today on 1300 733 429 and we’ll get the ball rolling.