Description
Value You Can Measure
Arlington Heights residents have many excellent reasons to replace their windows. Updating old windows, renewing the look and feel of your home etc… Certain such values can be measured relatively exactly.
To start, windows maintain about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This puts windows among the top 5 home improvement investments in terms of value retention.
With regards to energy savings, households located in Arlington Heights, are likely to experience important drops on monthly costs for energy. If you already have dual pane windows you could save approximately $116.48 compared to $116 in Philadelphia. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $296.94 annually, compared to $294 in Philadelphia.
Build your Arlington Heights Home’s Value through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows may increase the sale price of your home. As mentioned before, windows preserve most of their initial value especially given their long life expectancy. At a rate of 72.3% estimated for 2020 an average total window replacement job costing $17,925 would preserve $13,018 of its initial value.
In addition, many buyers are willing to pay a premium for energy savings. Here we try to determine : What’s the return on energy savings when it comes time to sell? What follows is what we uncovered in Arlington Heights:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Arlington Heights, your home value could increase by between $698.85 and $1022.65 for a mid-tier or top-tier Arlington Heights home respectively. For comparison, the same upgrade in Philadelphia may get you somewhere between $696 and $1018.48.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Arlington Heights homeowners could see an estimated home value increase of between $1781.66 for mid-tier homes and $2607.16 for the top tier. Compare this to between $1764 and $2581.32 in Philadelphia.
Put differently, a window upgrade in Arlington Heights can add between 0.36% percent and 1.35 % percent to the asking price of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Arlington Heights homeowner is quite clear.
The variation between the range for Arlington Heights and Philadelphia, which for reference, would yield a potential premium range of 0.36% percent and 0.53% percent respectively, can be estimated from a number of factors, notably; the 0.05% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the East Stroudsburg region, and energy price differences between Arlington Heights and Philadelphia.
The data presented is based on EnergyStar, the NREL,Department of Energy and expert research conducted by the National Association of Homebuilders. Arlington Heights home value data is provided by Zillow.
Data Sources & Disclaimers
Sources:
https://www.bls.gov/regions/
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption
https://www.energy.gov/energysaver/design/windows-doors-and-skylights/update-or-replace-windows
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption#by%20end%20uses
https://openei.org/wiki/NSTAR_Electric_Company
https://www.aceee.org/press/2018/10/aceee-2018-state-energy-efficiency
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187724.php?page_id=32&pid=NAH
http://eyeonhousing.org/2019/04/how-much-are-buyers-willing-to-pay-for-energy-efficiency/
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187731.php
https://www.remodeling.hw.net/cost-vs-value/2020/new-england/
Disclaimer: The information on our website is general in nature and is not intended as a substitute for competent legal, financial or engineering advice.
Although National Vinyl is a Member of the National Homebuilders association and TrustGard windows are the recipient of EnergyStar’s “Most Efficient”,
we wish to state clearly and unequivocally: the information provided does not consitute an endorsement by or from any third party. We make no representation as to the accuracy of the information entered by third parties.We, our directors or shareholders disclaim any liability for any damages or loss arising from your use thereof.
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Energy Savings & ROI: Arlington Heights vs the rest of Pennsylvania
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