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HUNTLEY They're hearing interest from businesses in downtown Huntley, yet village officials are waiting for more owners to apply for a new village program meant to jump-start the downtown overhaul.
Trustees created in June the facade improvement program that allows downtown business owners to receive a 50-percent matching grant from the village for exterior improvements to their properties. Officials committed $50,000 in the 2014 budget for the new program.
Last week, trustees endorsed the first applicant for a window replacement project, totaling $15,850. But the application represents the village's only under the program, despite officials receiving several calls from interested owners, said Development Services Director Charles Nordman.
"It would be nice to have more applications. But at the same, given the feedback and phones calls that we are getting, it's good," Nordman said. "I would expect, come next spring, we will have a few more applications."
Before trustees created the program, village staff met with downtown business owners and explained the proposal. They also provided owners with materials and information on how to apply, once the program was approved.
The facade program would help downtown business owners cover the costs of numerous outside renovations, including roofing, landscaping and awning work. The village matches 50 percent of the total project costs, up to $10,000, under the program.
The new program helped officials cap off a busy year of downtown activity. Initially planned in 2010, the downtown overhaul would upgrade and refurbish numerous pieces to the historic downtown, including properties, parking and landscaping.
The first program applicant, owner Paul Godlewski, will now receive $7,925 in village funds for his $15,850 window replacement project. Godlewski owns property at 11021-11023 Woodstock Street and operates a real estate management company on the second floor.
He also leases space to Century 21 New Heritage and the Louis Meyer Foundation, according to village documents. He will replace nine residential-grade windows, originally installed in the 1980s, according to his application.
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Replacing windows with more efficient ones doesnt have an immediate payoff for homeowners, from an energy-cost savings standpoint. Yet, come resale time, updated windows can be a plus.
Thats why one reader recently sent an email, explaining his dilemma:
New windows would make no sense from an energy-saving payback, (30-year payback at best) but I am starting to come around to the view that there are fewer and fewer DIY types in the market and that green is an increasingly pertinent selling catch phrase, regardless of costs. But, then, if I do take the plunge is it stupid to install the new windows 10 years before I move? he wrote.
The short answer: Its not a stupid idea, according to the contractors, real-estate agents and energy-efficiency experts to whom I posed this question. Still, pays to pinpoint why youre doing it.
Most people buy windows because their old ones are shot and drafty, and they know theyre losing energy, said Paul Vosen, president of Degenhardt Home Improvement, in Madison, Wis.
Some also swap windows for those that are easier to maintain or clean. Vinyl windows, for example, need less maintenance, and some windows can be cleaned from inside the house, Vosen said. New windows can reduce the amount of noise that can enter the home, as well as lessen the amount of ultraviolet light that comes in which will reduce fading on flooring and furnishings, said Kathy Ziprik, spokeswoman for Simonton Windows, a manufacturer of windows and doors.
Its not out the question for windows to last 30 years, if theyre taken care of, Vosen said. Buy them about a decade before you move (as the reader contemplated doing), and youll both enjoy them while you live in the home and still have windows new enough to appeal to an eventual buyer.
On a national average, you can recover 78.7% of the price of a mid-cost vinyl window replacement and 76.6% of an upscale vinyl window replacement at resale, according to Remodeling magazines 2014 Cost vs. Value Report. Meanwhile, you can recover 79.3% of the cost of a mid-cost wood window replacement and 74% of an upscale wood window replacement at resale.
That potential return on investment is one reason why John C. Kmiecik, a Chicago-area real-estate agent, recently spent $18,000 on new windows for his 3,000-square-foot suburban Chicago home.
We are probably going to stay in the house about five to seven years, and when we do sell, will be able to market that property with newer windows, he said.
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Amy Hoak's Home Economics: A not-so-sexy home improvement project with real benefits