Description
Value You Can Measure
Alburtis homeowners have a variety great reasons to change their windows. Fixing broken windows, renewing the look and feel of your home etc… Some such values should be measured relatively precisely.
To start, windows conserve 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, households located in Alburtis, are likely to notice major declines on weekly bill for energy. If you already have dual pane windows you may save about $116.79 compared to $116 in Philadelphia. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $298.92 per annum, compared to $294 in Philadelphia.
Improve your Alburtis Home’s Value through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows can 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.
Moreover, many buyers are willing to pay a premium for energy savings. Here we try to uncover : What’s the return on energy savings when selling the house? The following is what we discovered in Alburtis:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Alburtis, your home value could increase by around $700.76 and $1025.45 for a mid-tier or top-tier Alburtis home respectively. Compare this to, the same replacement in Philadelphia could yield somewhere between $696 and $1018.48.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Alburtis homeowners may yield an estimated home value increase of between $1793.51 for mid-tier homes and $2624.5 for the top tier. Compare this to between $1764 and $2581.32 in Philadelphia.
In other words, a window investment in Alburtis can add between 0.35% percent and 1.32 % percent to the value 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 Alburtis homeowner is quite strong.
The variation between the range for Alburtis and Philadelphia, which for reference, would yield a potential premium range of 0.35% percent and 0.51% percent respectively, is dependent on a number of factors, in particular; the 0.08% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Allentown-Bethlehem-Easton region, and energy cost differences between Alburtis and Philadelphia.
The data presented is based on EnergyStar, the NREL,Department of Energy and meticulous research performed by the National Association of Homebuilders. Alburtis 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: Alburtis vs the rest of Pennsylvania
Find out how investing in new windows in Alburtis compares to other nearby Pennsylvania cities.