Savings Category: Replacement Window Savings

Description

Value You Can Measure

Arlington homeowners have a variety excellent reasons to upgrade their windows. Repairing broken windows, improving the look and feel of your home etc… Certain such values may be counted relatively exactly.

For starters, 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, homes in Arlington, should see major savings on annual spending for energy. If you already have dual pane windows you could save around $116.6 compared to $114 in Boston. Whereas, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $363.19 annually, compared to $344 in Boston.

Grow your Arlington Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may increase 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to figure out : What’s the ROI on energy savings when it comes time to sell? Below is what we found in Arlington:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Arlington, your home value could increase by between $1231.31 and $1717.07 for a mid-tier or top-tier Arlington home respectively. For comparison, the same replacement in Boston could yield somewhere between $1203.84 and $1678.76.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Arlington homeowners may yield an estimated home value gain of between $3835.27 for mid-tier homes and $5348.31 for the top tier. Compare this to between $3632.64 and $5065.74 in Boston.

Put differently, a window upgrade in Arlington can add between 0.15% percent and 0.67 % percent to the sale price of your home through 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 homeowner is relatively clear.

The variation between the range for Arlington and Boston, which for reference, would yield a potential premium range of 0.15% percent and 0.21% percent respectively, is dependent on a number of factors, in particular; the 0.25% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Boston-Cambridge-Newton region, and heating & cooling price differences between Arlington and Boston.

The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research executed by the National Association of Homebuilders. Arlington home value data is provided by Zillow.

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