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Egress windows are typically required for basements with habitable space or living quarters. Not all basements or lower levels require egress windows. However, egress windows are required in homes with living spaces such as bedrooms and living rooms in a basement. The International Residential Code and International Building Code require sleeping rooms to have a specific size egress window. Check your local building codes to confirm the requirements in your area.

Yes, egress windows can significantly add value to a home. By making basement and attic areas safer and more livable, they allow you to market these spaces as finished living areas, which increases your property's value. Many homeowners can recover the full installation cost, with some sources citing a return on investment of around 70%. The exact value added depends on your specific home, location, and adherence to local building codes. Beyond financial value, egress windows enhance functionality by adding natural light and comfort. They are also a crucial safety feature, often mandated by building codes to serve as an emergency exit.

When you need new windows depends on a variety of factors, including the age of your windows, the age of your home, and the climate you live in. If you’re dealing with budget constraints, you don’t need to replace all your windows simultaneously. 

When buying new windows, you should consider energy efficiency, safety, and aesthetics to choose the right window for you.

The primary benefits of an egress window include providing a safe emergency exit, increasing natural light in a space like a basement, and improving ventilation. Additionally, installing an egress window can often increase your property's value.