Description
Value You Can Measure
Brattleboro homeowners have countless valid reasons to replace their windows. Upgrading leaky windows, refining the aesthetics of your home etc… Certain such features may be calculated quite accurately.
For starters, windows maintain 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.
As for energy savings, homes in Brattleboro, can expect to experience important reductions on annual expenditures for energy. If you already have dual pane windows you could save approximately $204.1 compared to $197 in Burlington. Whereas, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $601.71 every year, compared to $553 in Burlington.
Build your Brattleboro Home’s Value through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows may 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.
Moreover, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the premium for energy savings if you put your house up for sale? Here is what we found in Brattleboro:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Brattleboro, your home value could increase by between $1224.59 and $1791.99 for a mid-tier or top-tier Brattleboro home respectively. For comparison, the same replacement in Burlington could yield somewhere between $1182 and $1729.66.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Brattleboro homeowners may see an estimated home value gain of between $3610.27 for mid-tier homes and $5283.03 for the top tier. Compare this to between $3318 and $4855.34 in Burlington.
Another way to look at it, a window investment in Brattleboro can add anywhere from 0.59% percent and 2.55 % percent to the asking price of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Brattleboro homeowner is relatively strong.
The variation between the range for Brattleboro and Burlington, which for reference, would yield a potential premium range of 0.57% percent and 0.83% percent respectively, may come from a number of factors, in particular; the 0.4% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the region, and energy price differences between Brattleboro and Burlington.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and expert research executed by the National Association of Homebuilders. Brattleboro 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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