Description
Value You Can Measure
Newport homeowners have a variety valid reasons to change their windows. Replacing damaged windows, improving the aesthetics of your home etc… Many such features can be measured rather clearly.
To begin with, windows preserve 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.
In terms of energy savings, households located in Newport, can expect to have large drops on annual spending for home energy. If you already have dual pane windows you may save approximately $133.38 compared to $118 in Providence. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $458.85 annually, compared to $348 in Providence.
Improve your Newport Home’s Value through Energy Savings
[lme-module module=”market-stats” city=”Newport” state=”RI”]
Upgrading your windows to EnergyStar rated National Vinyl windows could increase the asking 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 uncover : What’s the return on investment on energy savings if you sell your home? The following is what we discovered in Newport:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Newport, your home value could increase by between $1408.46 and $1964.11 for a mid-tier or top-tier Newport home respectively. Compare this to, the same upgrade in Providence could add somewhere between $1246.08 and $1737.67.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Newport homeowners could expect an estimated home value increase of between $4845.48 for mid-tier homes and $6757.06 for the top tier. Compare this to between $3674.88 and $5124.65 in Providence.
Put differently, a window investment in Newport can add between 0.27% percent and 1.3 % percent to the asking price of your home via 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 Newport homeowner is quite clear.
The variation between the range for Newport and Providence, which for reference, would yield a potential premium range of 0.24% percent and 0.33% percent respectively, may come from a number of factors, notably; the 1.45% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Providence-Warwick region, and heating & cooling price differences between Newport and Providence.
The data presented is based on EnergyStar, the NREL,Department of Energy and professional research performed by the National Association of Homebuilders. Newport 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.
[lme-module module=”market-activity” city=”Newport” state=”RI”]
Directions from Newport to our headquarters
Window Installers Near Newport:
State Licensed
Background Checked
Verified Reviews
Liability Insurance
Top Installers Near Newport
More Installers Near Newport
Search for Newport Window Installers
Looking For A Price Quote? Get One Now!
Use our configurator for an instant online estimate and schedule a free in-home consultation.
1
Request a Quote
2
In-Home Consult (FREE)
3
Windows Installed
Lumberyards Near Newport
Top Lumberyards Near Newport
More Lumberyards Near Newport
Need windows fast?
Buy from a TrustGard N.O.W. Lumberyard!
The N.O.W. program delivers Newport inventory windows within 7 days, including application of standard extension jambs and mulling. TrustGard N.O.W. provides among the fastest turnaround times in Rhode Island, affording you the flexibility and responsiveness you need.
Energy Savings & ROI: Newport vs the rest of Rhode Island
Find out how investing in new windows in Newport compares to other nearby Rhode Island cities.