Value You Can Measure
Berwick homeowners have a multitude strong reasons to replace their windows. Fixing leaky windows, changing the look and feel of your home etc… Certain such values may be quantified quite precisely.
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 places windows among the top 5 home improvement investments in terms of value retention.
With regards to energy savings, homes in Berwick, can expect to have considerable declines on daily costs for heating & cooling. If you already have dual pane windows you may save around $115.23 compared to $117 in Portland. Whereas, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $376.54 per year, compared to $391 in Portland.
[qcld-ichart label=”Portland Dual ,Berwick Dual,Portland Single,Berwick Single” aspectratio=”1″ value=”117,115.23,391,376.54″ type=”bar” title=”Energy Savings When Replacing Conventional Single/Dual Pane To National Vinyl Windows” datasetname=”Energy savings in $ per annum ” width=”” backgroundcolor=”” bgcolor=”‘#1e73be’,’#42bc23′,’#1e73be’,’#42bc23′” bordercolor=”” pointerstyle=”circle” linestyle=”filledfilled”]
Improve your Berwick Home’s Asking Price through Energy Savings
[lme-module module=”market-stats” city=”Berwick” state=”ME”]
Switching 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.
Moreover, many buyers are willing to pay a premium for energy savings. Here we try to determine : What’s the return on energy savings when selling the house? The following is what we estimated in Berwick:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Berwick, your home value could increase by around $691.38 and $1011.72 for a mid-tier or top-tier Berwick home respectively. Compare this to, the same replacement in Portland could yield somewhere between $702 and $1027.26.
[qcld-ichart label=”Portland Mid-Tier,Berwick Mid-Tier,Portland Top-Tier,Berwick Top-Tier” aspectratio=”1″ value=”702,691.38,1027.26,1011.72″ type=”bar” title=”Dual-Pane to National Vinyl ” datasetname=”Energy Savings Premium” width=”” backgroundcolor=”” bgcolor=”‘#1e73be’,’#42bc23′,’#1e73be’,’#42bc23′” bordercolor=”” pointerstyle=”circle” linestyle=”filledfilled”]
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Berwick homeowners may see an estimated home value gain of between $2259.25 for mid-tier homes and $3306.03 for the top tier. Compare this to between $2346 and $3432.98 in Portland.
[qcld-ichart label=”Portland Mid-Tier,Berwick Mid-Tier,Portland Top-Tier,Berwick Top-Tier” aspectratio=”1″ value=”2346,2259.25,3432.98,3306.03″ type=”bar” title=”Single-Pane to National Vinyl ” datasetname=”Energy Savings Premium” width=”” backgroundcolor=”” bgcolor=”‘#1e73be’,’#42bc23′,’#1e73be’,’#42bc23′” bordercolor=”” pointerstyle=”circle” linestyle=”filledfilled”]
Put differently, a window upgrade in Berwick can add anywhere from 0.25% percent and 1.18 % percent to the asking price of your home through the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Berwick homeowner is relatively clear.
The variation between the range for Berwick and Portland, which for reference, would yield a potential premium range of 0.25% percent and 0.37% percent respectively, is derived from a number of factors, especially; the -0.17% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Portland-South Portland region, and energy cost differences between Berwick and Portland.
The data presented is based on EnergyStar, the NREL,Department of Energy and professional research conducted by the National Association of Homebuilders. Berwick home value data is provided by Zillow.
[lme-module module=”market-activity” city=”Berwick” state=”ME”]
Directions from Berwick to our headquarters