Savings Category: Replacement Window Savings

Description

Value You Can Measure

Boston homeowners have a whole host great reasons to replace their windows. Fixing old windows, improving the look and feel of your home etc… Other such values can be measured quite precisely.

To begin with, windows maintain about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This puts windows among the top 5 home improvement investments in terms of value retention.

In terms of energy savings, houses in Boston, are likely to have impressive savings on monthly spending for electricity. If you already have dual pane windows you may save about $114 a year. On the other hand, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $344 per annum.

Build your Boston Home’s Asking Price through Energy Savings

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Replacing 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to determine : What’s the return on investment on energy savings if you sell your home? This is what we found in Boston:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Boston, your home value could increase by between $1203.84 and $1678.76 for a mid-tier or top-tier Boston home respectively.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Boston homeowners may see an estimated home value increase of between $3632.64 for mid-tier homes and $5065.74 for the top tier.

In other words, a window investment in Boston can add between 0.19% percent and 0.8 % percent to the sale price of your home through 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 Boston homeowner is relatively clear.

The data presented is based on EnergyStar, the NREL,Department of Energy and expert research conducted by the NAHB. Boston home value data is provided by Zillow.

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Energy Savings & ROI: Boston vs the rest of Massachusetts

Find out how investing in new windows in Boston compares to other nearby Massachusetts cities.