Description
Value You Can Measure
Barton homeowners have plenty excellent reasons to change their windows. Upgrading leaky windows, refining the design of your home etc… Other such features can be quantified quite clearly.
Firstly, 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, households located in Barton, will most probably have dramatic decreases on monthly bill for energy. If you already have dual pane windows you may save about $207.51 compared to $197 in Burlington. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $625.1 per annum, compared to $553 in Burlington.
Improve your Barton Home’s Asking 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 figure out : What’s the return on energy savings when it comes time to sell? The following is what we estimated in Barton:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Barton, your home value could increase by between $1037.54 and $1379.93 for a mid-tier or top-tier Barton home respectively. For comparison, the same replacement in Burlington could yield somewhere between $985 and $1310.05.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Barton homeowners may yield an estimated home value increase of between $3125.51 for mid-tier homes and $4156.93 for the top tier. Compare this to between $2765 and $3677.45 in Burlington.
In other words, a window investment in Barton can add between 0.74% percent and 2.95 % percent to the value of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Barton homeowner is relatively clear.
The variation between the range for Barton and Burlington, which for reference, would yield a potential premium range of 0.7% percent and 0.93% percent respectively, is dependent on a number of factors, notably; the 0.59% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the region, and energy price differences between Barton and Burlington.
The data presented is based on EnergyStar, the NREL,Department of Energy and expert research performed by the NAHB. Barton 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: Barton vs the rest of Vermont
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