Savings Category: Replacement Window Savings

Description

Value You Can Measure

Beverly homeowners have many good reasons to replace their windows. Fixing old windows, improving the decor of your home etc… Certain such values should be quantified quite precisely.

For starters, windows retain 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, houses in Beverly, are likely to notice impressive declines on daily bill for energy. If you already have dual pane windows you could save around $101.69 compared to $100 in Atlantic City. On the other hand, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $285.29 every year, compared to $274 in Atlantic City.

Improve your Beverly Home’s Asking Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows can add to 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 uncover : What’s the ROI on energy savings when it comes time to sell? Below is what we estimated in Beverly:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Beverly, your home value could increase by around $508.43 and $676.21 for a mid-tier or top-tier Beverly home respectively. For comparison, the same replacement in Atlantic City could add somewhere between $500 and $665.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Beverly homeowners could expect an estimated home value gain of between $1426.44 for mid-tier homes and $1897.16 for the top tier. Compare this to between $1370 and $1822.1 in Atlantic City.

In other words, a window upgrade in Beverly can add anywhere from 0.37% percent and 1.39 % percent to the sale 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 Beverly homeowner is quite clear.

The variation between the range for Beverly and Atlantic City, which for reference, would yield a potential premium range of 0.37% percent and 0.49% percent respectively, is dependent on a number of factors, especially; the 0.19% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Philadelphia-Camden-Wilmington region, and energy price differences between Beverly and Atlantic City.

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

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Energy Savings & ROI: Beverly vs the rest of New Jersey

Find out how investing in new windows in Beverly compares to other nearby New Jersey cities.