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They may add character and charm, but old windows with wood sashes and single panes are a major cause of energy loss. This translates into sky-high utility costs, and replacing these money-drainers with energy-efficient models won't be cheap either. To get a clearer picture of what it might cost you to stick with the original windows, inquire with the owner or real estate agent to see if they will provide you with the utility bills for the past 12 months, or at least get you an average, so you can be prepared for the expense. You could also splurge for an energy audit to help plan for the cost of this and other updates you might have to make.
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