Description
Value You Can Measure
Johnson property owners have a multitude good reasons to change their windows. Repairing old windows, changing the decor of your home etc… Certain such benefits should be calculated relatively precisely.
To begin with, windows retain about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This sets windows among the top 5 home improvement investments in terms of value retention.
In terms of energy savings, houses in Johnson, can expect to have major declines on monthly bill for electricity. If you already have dual pane windows you could save approximately $204.38 compared to $197 in Burlington. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $603.66 annually, compared to $553 in Burlington.
Improve your Johnson Home’s Resale Price 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 ROI on energy savings on the market? The following is what we discovered in Johnson:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Johnson, your home value could increase by around $1226.3 and $1794.49 for a mid-tier or top-tier Johnson home respectively. For comparison, the same replacement in Burlington could yield somewhere between $1182 and $1729.66.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Johnson homeowners may yield an estimated home value gain of between $3621.98 for mid-tier homes and $5300.16 for the top tier. Compare this to between $3318 and $4855.34 in Burlington.
In other words, a window upgrade in Johnson can add anywhere from 0.61% percent and 2.63 % percent to the value of your home through the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Johnson homeowner is relatively strong.
The variation between the range for Johnson and Burlington, which for reference, would yield a potential premium range of 0.59% percent and 0.86% percent respectively, is dependent on a number of factors, primarily; the 0.42% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the region, and heating & cooling price differences between Johnson and Burlington.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and expert research performed by the NAHB. Johnson 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: Johnson vs the rest of Vermont
Find out how investing in new windows in Johnson compares to other nearby Vermont cities.