If you were buying a victorian home- would your prefer old or new windows? 
Also the previous owner replaced 4 of the old windows with vinyl replacement and 3 of them have cracked because they weren’t installed correctly.
The estimated cost to replace all the windows is around $17,000. Would it really be worth it?
The current windows are in good shape, though they could use some minor repairs to chains and need a few stops to be replaced.
Is it worth the time and effort to fix repair/remove the paint, or not worth the hassle and buy new vinyl windows. My other issue is the way the vinyl windows will look on the exterior since they can’t be painted, and the victorian trim.
Efficiency isn’t a problem with them. My heating and electric bills are actually quite cheap compared to some people, and my home with the 42 windows that it has is actually warmer in the winter months than a friends home that is a row and has new windows.
I don’t think it would be worth the $17,000. That’s a lot of money and the house would look so beautiful if you simply restored the old windows.
If you are fixing up an old victorian home you want to keep the homes integraty. That being said what I would do is check into Sierra Pacific. Now you are going to be looking at some expensive windows but they are iron clad on the outside with wood trim on the inside perfect for a victorian home. You can try financing though your local eletric company or you can also get a tax break. But they have to meet some qualifications with low E argon and super spacer. Hope that helps good luck on your new home!
I’d go for the repair. 17k is wayyy too much, not worth it.
I would go ahead and get the new windows. You will save a lot in electric expenses. Plus you are adding equity to the home. Windows are one of the first things I look at.
granted it would look nice to restore the old windows but that is what you would have is old windows. Before I spent the 17K I would look at Lowes and Home Depot for a good deal on windows and trim the new ones out to look older
Any windows you replace don’t use vinyl!
If you get new windows make them look as much like the original as you can. Wood and double hung.