Description
Value You Can Measure
Barnet property owners have a variety excellent reasons to change their windows. Upgrading old windows, changing the look and feel of your home etc… Some such values should be measured quite exactly.
To start, 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.
In terms of energy savings, households located in Barnet, can expect to notice impressive declines on monthly spending for electricity. If you already have dual pane windows you could save around $204.79 compared to $197 in Burlington. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $606.47 per annum, compared to $553 in Burlington.
Increase your Barnet Home’s Value through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows can 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 ascertain : What’s the ROI on energy savings on the market? This is what we estimated in Barnet:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Barnet, your home value could increase by between $1228.75 and $1798.08 for a mid-tier or top-tier Barnet home respectively. Compare this to, 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. Barnet homeowners may expect an estimated home value gain of between $3638.81 for mid-tier homes and $5324.8 for the top tier. Compare this to between $3318 and $4855.34 in Burlington.
In other words, a window investment in Barnet can add anywhere from 0.63% percent and 2.75 % percent to the asking price of your home via the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Barnet homeowner is quite clear.
The variation between the range for Barnet and Burlington, which for reference, would yield a potential premium range of 0.61% percent and 0.89% percent respectively, may come from a number of factors, primarily; 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 region, and heating & cooling price differences between Barnet and Burlington.
The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research performed by the NAHB. Barnet 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: Barnet vs the rest of Vermont
Find out how investing in new windows in Barnet compares to other nearby Vermont cities.