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Considerations...

Discussion in 'Members' Lounge' started by jamesA, Aug 13, 2007.

  1. jamesA

    jamesA Well known pissed off telephone guy VIP

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    So I'm installing this phone system at this windows, doors, garage doors/openers place and I got to talkin with one of the sales guys... yeah i know...

    We started talking about windows and garage doors and how mine is off center, turns out it's not really that uncommon and I mentioned that when I first bought the house it would go up and down on it's own. I don't want to fuck with it and it's old. Hell the remote fell apart.

    I know they can put in openers for 310 installed, but the problem is that the doors themselves need replaced.

    hmmm....

    So then we start talking about windows. I have 14 windows in the house and at least 3 of them desperately need replaced. He off the top of his head quoted me 7 grand, at 7% interest on a loan, it's like 7500ish at 60 months thats around 125 a month.

    My brother got a quote from another place for 7 windows at 3500. So they're about on par with each other.

    Considering my gas bill was 150 bucks in march because of the furnace, would it be a wise investment to try for a loan to get these windows replaced? I can put glass screen in my screen door (which has nothing in it) from home depot.

    I've already talked with Brian about this and barring that I get a second part time job to cover my ass with other bills, I think he's willing to take on a little extra (like the tv bill persay) to help me make things end meet so we aren't spending both arms and 8 toes on the heating bill. On top of that, my insurance dropped 40% for August.

    So anyway, what I'm wondering is if any of you have replaced windows (preferably you who live where it gets between 0-32 in the winters and have seen large amounts of snowfall), how much did your savings on your heating and cooling bill net you?
     
  2. nootrac22

    nootrac22 Well-Known Member VIP

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    do it, makes the house value appreciate wich in the long run puts money in your pocket. home equity line of credit?
     
  3. jamesA

    jamesA Well known pissed off telephone guy VIP

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    Oh... Forgot to mention, I don't think I can do anything like pulling equity from the house or refinancing until the end of August.

    However, if and when I can I could always do so and pay off the personal loan in the process.
     
  4. nootrac22

    nootrac22 Well-Known Member VIP

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    you could start the ball rolling on the process home equity loans take a few weeks, usually. I prefer the line of credit, it's less pitcular about what intrest you can write off
     
  5. jamesA

    jamesA Well known pissed off telephone guy VIP

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    Who would I go to to talk about that?
     
  6. nootrac22

    nootrac22 Well-Known Member VIP

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    any place that does mortgages will usually do equity loans/credit. if you know someone tax savy tell them what you are using it for and what the best route to take is. there is also some kinda tax incentive for upgrading to energy efficent stuff, dont know the details on it though. Compare mortgage rates, home loans, CD rates, auto loans, credit cards, mortgages and more would be a good place to start browsing on mortgage info. as far as the tax break irs.gov should have it, but it might be a pain in the ass to find
     
  7. jamesA

    jamesA Well known pissed off telephone guy VIP

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    I'll have to see what my sister in law is up to, she's going to be a tax specialist or whatever once she's done with schooling.
     
  8. totalburnout

    totalburnout Well-Known Member VIP

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    Well its already been touched on, but I was going to add in the tax incentive and helping to write the cost of the windows off.

    In the long run you'll save money. If you were to turn things around and flip the house, then the windows probably would not be the best investment at this time but they'll pay themselves off in years to come.
     
  9. jamesA

    jamesA Well known pissed off telephone guy VIP

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    I wish I could get some figures on the savings, I don't plan on flipping and selling the house because I'm considering eventually adding a 2nd full bathroom where the upstairs back deck is and rebuilding the garage completely from the ground up flipping it from a 3 to a 4 bay garage.
     
  10. totalburnout

    totalburnout Well-Known Member VIP

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    Its obviously going to vary from house to house but your best bet is comparing your square footage to another houses.

    You could probably look those figures up online and if nothing else you can at least get a ballpark by asking the company what is typical or average. Their number may be skewed but at least it puts you in Wrigley field and not out in the parking lot.
     
  11. pissedoffsol

    pissedoffsol RETIRED

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    the tax write off is a joke. i think its 500 bucks total for thermal windows. recked can probably post a real figure.

    IMO, i'd plastic up the windows that need it for this winter, and next year, you'll probably be able to get a 10k HELOC.

    7% isn't bad, as most HELOCS are there as well, if not hitting on 8%.

    $150 bucks is really not that much.... thats an average if not low montly rate to heat a home in winter.
     
  12. reckedracing

    reckedracing TTIWWOP VIP

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    windows = 10% of cost up to $200
    exterior doors = 10% of cost up to $500
     
  13. pissedoffsol

    pissedoffsol RETIRED

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    werd, so you're looking at a $200 write off.

    as stated, its a joke
     
  14. reckedracing

    reckedracing TTIWWOP VIP

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    the saran wrap + blow dryer works pretty well for short term

    and if you have windows that you don't use, perhaps a third floor or something to that effect you can put blankets over them
    sounds ghetto but works very well at keeping the cold out
     
  15. nootrac22

    nootrac22 Well-Known Member VIP

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    that is rediclous. not even worth it, unless you're gonna do it anyway
     
  16. E_SolSi

    E_SolSi Member of the 20 nut club Moderator VIP

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    is that per or total???
     
  17. reckedracing

    reckedracing TTIWWOP VIP

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  18. totalburnout

    totalburnout Well-Known Member VIP

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    Well its not bad if you buy $2000 worth of windows and get $200 back.
     
  19. reckedracing

    reckedracing TTIWWOP VIP

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    its just meant to be an incentive, not a subsidy
     
  20. jamesA

    jamesA Well known pissed off telephone guy VIP

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    IMO that is ridiculous. But that's going off one month's bill. I'd rather not see that top 200+ on one bill. I should be able to turn off the furnace and the house not get cold fairly quickly because the only thing stopping the escape is stapled plastic.

    200 and 500 dollars... to me that's not a joke. It's a rarity that I see that kind of money all at once.
     
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