Value You Can Measure
Boothbay Harbor property owners have many strong reasons to upgrade their windows. Replacing broken windows, revamping the aesthetics of your home etc… Many such benefits may be counted relatively exactly.
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.
With regards to energy savings, homeowners in Boothbay Harbor, should notice considerable reductions on annual expenditures for home energy. If you already have dual pane windows you may save about $115.82 compared to $117 in Portland. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $381.4 per annum, compared to $391 in Portland.
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Improve your Boothbay Harbor Home’s Resale Price through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows could increase 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.
Moreover, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the return on energy savings when it comes time to sell? This is what we discovered in Boothbay Harbor:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Boothbay Harbor, your home value could increase by around $694.95 and $1016.94 for a mid-tier or top-tier Boothbay Harbor home respectively. For comparison, the same upgrade in Portland could yield somewhere between $702 and $1027.26.
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Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Boothbay Harbor homeowners could expect an estimated home value increase of between $2288.39 for mid-tier homes and $3348.68 for the top tier. Compare this to between $2346 and $3432.98 in Portland.
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Put differently, a window investment in Boothbay Harbor can add between 0.23% percent and 1.12 % 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 upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Boothbay Harbor homeowner is relatively strong.
The variation between the range for Boothbay Harbor and Portland, which for reference, would yield a potential premium range of 0.23% percent and 0.34% percent respectively, can be estimated from a number of factors, principally; the -0.11% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the region, and heating & cooling price differences between Boothbay Harbor and Portland.
The data presented is based on EnergyStar, the NREL,Department of Energy and expert research performed by the NAHB. Boothbay Harbor home value data is provided by Zillow.
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Directions from Boothbay Harbor to our headquarters
