Description
Value You Can Measure
Ayer homeowners have a variety great reasons to change their windows. Updating old windows, improving the decor of your home etc… Other such benefits should be measured quite clearly.
First of all, windows maintain about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This places windows among the top 5 home improvement investments in terms of value retention.
As for energy savings, households located in Ayer, are likely to have important declines on monthly costs for electricity. If you already have dual pane windows you may save around $109.47 compared to $114 in Boston. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $310.55 every year, compared to $344 in Boston.
Improve your Ayer Home’s Resale Price through Energy Savings
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Switching your windows to EnergyStar rated National Vinyl windows could add to 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 evaluate : What’s the return on energy savings if you sell your home? Below is what we estimated in Ayer:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Ayer, your home value could increase by between $656.79 and $961.11 for a mid-tier or top-tier Ayer home respectively. Compare this to, the same upgrade in Boston may get you somewhere between $684 and $1000.92.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Ayer homeowners may see an estimated home value increase of between $1863.31 for mid-tier homes and $2726.65 for the top tier. Compare this to between $2064 and $3020.32 in Boston.
Another way to look at it, a window investment in Ayer can add anywhere from 0.19% percent and 0.77 % percent to the asking price 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 Ayer homeowner is quite clear.
The variation between the range for Ayer and Boston, which for reference, would yield a potential premium range of 0.19% percent and 0.28% percent respectively, may come from a number of factors, principally; the -0.44% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Boston-Cambridge-Newton region, and energy price differences between Ayer and Boston.
The data presented is derived from EnergyStar, the NREL,Department of Energy and expert research conducted by the NAHB. Ayer 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: Ayer vs the rest of Massachusetts
Find out how investing in new windows in Ayer compares to other nearby Massachusetts cities.