Description
Value You Can Measure
Tullytown residents have plenty excellent reasons to replace their windows. Replacing damaged windows, changing the aesthetics of your home etc… Other such values can be calculated quite explicitly.
To begin with, 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.
As for energy savings, households located in Tullytown, can expect to see large drops on weekly costs for heating & cooling. If you already have dual pane windows you may save approximately $119.97 compared to $116 in Philadelphia. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $318.62 annually, compared to $294 in Philadelphia.
Grow your Tullytown Home’s Value through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows could add to the value 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 estimate : What’s the return on investment on energy savings when selling the house? Here is what we found in Tullytown:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Tullytown, your home value could increase by around $719.84 and $1053.37 for a mid-tier or top-tier Tullytown home respectively. For comparison, the same replacement 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. Tullytown homeowners may expect an estimated home value gain of between $1911.71 for mid-tier homes and $2797.47 for the top tier. Compare this to between $1764 and $2581.32 in Philadelphia.
Another way to look at it, a window upgrade in Tullytown can add between 0.28% percent and 1.1 % percent to the value of your home via the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Tullytown homeowner is quite clear.
The variation between the range for Tullytown and Philadelphia, which for reference, would yield a potential premium range of 0.27% percent and 0.4% percent respectively, is dependent on a number of factors, principally; the 0.38% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Philadelphia-Camden-Wilmington region, and heating & cooling cost differences between Tullytown and Philadelphia.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and expert research performed by the NAHB. Tullytown 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: Tullytown vs the rest of Pennsylvania
Find out how investing in new windows in Tullytown compares to other nearby Pennsylvania cities.