At the lowest end of the spectrum the typical home appraiser credits a shutter cover over each window at a value of $175. Custom crafted louvers or shutters on higher arched or circular windows add even more value.

Quick answer: Numerous shutter alternatives offer the same level of privacy and light control. Popular options include Venetian blinds, vertical blinds, faux-wood blinds, Roman blinds, pleated honeycomb blinds, and roller blinds.

Wood shutters offer a classic and luxurious appearance and are the most durable option, but they require regular maintenance. Vinyl shutters are less expensive and low maintenance but have different visual appeal and insulating properties than wood or composite.