Windshield Replacement: 4 Things Remember
Windshield Replacement: 4 Things Remember
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Weigh each renovation against its cost, its perceived value and its effect on rent and your tenants. You may want to opt for a complete renovation. This boils down to investing up to 10% of the suites' value, by updating the kitchen and bathrooms.
If you do decide that windshield replacement is your best bet, you have a few choices. First of all, make sure you check to see if your insurance covers it. In a lot of instances it does. The problem is that many policies have a deductible that is higher than the cost of the replacement or front window repair job. If that is the case, you will have to pay for it yourself.
First things first the chip should be repaired before it gets filled with grit. To do this, the chip needs to be drilled while the cracks in it get vacuumed. An acrylic or crystalene resin is then inserted via syringe into the chip to restore the air trapped in the crack. Afterwards it is dried with UV light which hardens the substance and reinstates the original state of the glass. Acrylic resin is made up of carcinogenic acid which turns the chips yellow over time. Crystalene resin has better clarity and doesn't change color over time. It's available at ultra-low consistency and high consistency. Extra resin is scraped away and then polished for a finishing touch. This kind of treatment usually runs about $45-$100.
Determining the ARV is a fairly simple process and definitely the most important. This is where you should spend most of your thinking time and efforts. One of the easiest ways to do this is to get a CMA or comparative market analysis or "comps" from your realtor. When a realtor gives you comps they show you notice I didn't say tell you what price other houses that are similar to the one you are looking at have windshield repair near me sold for in the past months.
If you are not sure where to find props in your area contact a windshield chip repair stylist or browse antique stores and auction centres for a wide selection of interesting pieces.
Another way to figure out ARV is to get an appraisal from a certified appraiser. Yes this costs money, but if everything else looks good about the deal and you are uncomfortable with the realtor's comps, you can always get the opinion of another professional. They go more in-depth when appraising properties then realtors might. However I only trust the appraisal when I actually hired the appraiser. This way I know that I have given him/her the instructions on how I want the appraisal to be completed.
Replacing your windshield can be a pretty hefty investment. Once you've spoken to a windshield specialist as well as your insurance company you will know where you stand on what repairs or replacement services will be covered. This is also a good time to consider after-market options such as window tinting which may help reduce the chances of needing to repair or replace it again in the near future.