Description
Value You Can Measure
Brandon homeowners have plenty strong reasons to upgrade their windows. Replacing broken windows, improving the aesthetics of your home etc… Certain such benefits should be calculated relatively accurately.
For starters, windows conserve 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 Brandon, may notice impressive savings on annual costs for heating & cooling. If you already have dual pane windows you may save around $205.6 compared to $197 in Burlington. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $612.02 per annum, compared to $553 in Burlington.
Grow your Brandon Home’s Resale Price through Energy Savings
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Switching your windows to EnergyStar rated National Vinyl windows could increase the asking 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 estimate : What’s the return on investment on energy savings when selling the house? Below is what we uncovered in Brandon:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Brandon, your home value could increase by between $1233.61 and $1805.18 for a mid-tier or top-tier Brandon home respectively. Compare this to, the same replacement in Burlington could add somewhere between $1182 and $1729.66.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Brandon homeowners may yield an estimated home value gain of between $3672.13 for mid-tier homes and $5373.55 for the top tier. Compare this to between $3318 and $4855.34 in Burlington.
Another way to look at it, a window upgrade in Brandon can add anywhere from 0.69% percent and 3.02 % 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 Brandon homeowner is quite strong.
The variation between the range for Brandon and Burlington, which for reference, would yield a potential premium range of 0.66% percent and 0.97% percent respectively, is derived from a number of factors, especially; the 0.49% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Rutland region, and energy cost differences between Brandon and Burlington.
The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research conducted by the NAHB. Brandon home value data is provided by Zillow.
Data Sources & Disclaimers
Sources:
https://www.bls.gov/regions/
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption
https://www.energy.gov/energysaver/design/windows-doors-and-skylights/update-or-replace-windows
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption#by%20end%20uses
https://openei.org/wiki/NSTAR_Electric_Company
https://www.aceee.org/press/2018/10/aceee-2018-state-energy-efficiency
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187724.php?page_id=32&pid=NAH
http://eyeonhousing.org/2019/04/how-much-are-buyers-willing-to-pay-for-energy-efficiency/
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187731.php
https://www.remodeling.hw.net/cost-vs-value/2020/new-england/
Disclaimer: The information on our website is general in nature and is not intended as a substitute for competent legal, financial or engineering advice.
Although National Vinyl is a Member of the National Homebuilders association and TrustGard windows are the recipient of EnergyStar’s “Most Efficient”,
we wish to state clearly and unequivocally: the information provided does not consitute an endorsement by or from any third party. We make no representation as to the accuracy of the information entered by third parties.We, our directors or shareholders disclaim any liability for any damages or loss arising from your use thereof.
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Energy Savings & ROI: Brandon vs the rest of Vermont
Find out how investing in new windows in Brandon compares to other nearby Vermont cities.