Value You Can Measure
Blairstown homeowners have a variety great reasons to replace their windows. Replacing leaky windows, improving the style of your home etc… Certain such features may be calculated rather 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 places windows among the top 5 home improvement investments in terms of value retention.
With regards to energy savings, homeowners in Blairstown, are likely to notice considerable drops on weekly costs for energy. If you already have dual pane windows you could save approximately $115.1 compared to $100 in Atlantic City. In contrast, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $375.17 annually, compared to $274 in Atlantic City.
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Increase your Blairstown Home’s Resale Price through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows may add to the value 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 determine : What’s the premium for energy savings if you sell your home? The following is what we uncovered in Blairstown:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Blairstown, your home value could increase by between $690.63 and $1010.62 for a mid-tier or top-tier Blairstown home respectively. For comparison, the same upgrade in Atlantic City may get you somewhere between $600 and $878.
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Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Blairstown homeowners may yield an estimated home value gain of between $2251 for mid-tier homes and $3293.97 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.
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In other words, a window investment in Blairstown can add between 0.22% percent and 1.07 % percent to the sale 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 Blairstown homeowner is relatively strong.
The variation between the range for Blairstown and Atlantic City, which for reference, would yield a potential premium range of 0.2% percent and 0.29% percent respectively, may come from a number of factors, principally; the 1.68% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Allentown-Bethlehem-Easton region, and heating & cooling cost differences between Blairstown and Atlantic City.
The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research performed by the NAHB. Blairstown home value data is provided by Zillow.
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