Description
Value You Can Measure
Brookline property owners have a whole host valid reasons to replace their windows. Updating broken windows, renewing the design of your home etc… Many such features may be measured quite clearly.
First of all, 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.
With regards to energy savings, households located in Brookline, can expect to notice large decreases on daily spending for energy. If you already have dual pane windows you may save around $121.18 compared to $114 in Boston. Whereas, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $396.93 per annum, compared to $344 in Boston.
Build your Brookline Home’s Value through Energy Savings
[lme-module module=”market-stats” city=”Brookline” state=”MA”]
Replacing your windows to EnergyStar rated National Vinyl windows could add to the sale 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 ascertain : What’s the premium for energy savings if you put your house up for sale? What follows is what we uncovered in Brookline:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Brookline, your home value could increase by between $1575.28 and $2494.88 for a mid-tier or top-tier Brookline home respectively. Compare this to, the same replacement in Boston could yield somewhere between $1482 and $2347.15.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Brookline homeowners could expect an estimated home value gain of between $5160.04 for mid-tier homes and $8172.31 for the top tier. Compare this to between $4472 and $7082.62 in Boston.
Another way to look at it, a window upgrade in Brookline can add anywhere from 0.15% percent and 0.76 % percent to the asking price of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Brookline homeowner is quite strong.
The variation between the range for Brookline and Boston, which for reference, would yield a potential premium range of 0.14% percent and 0.22% percent respectively, may come from a number of factors, in particular; the 0.7% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Boston-Cambridge-Newton region, and energy cost differences between Brookline and Boston.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and meticulous research performed by the NAHB. Brookline 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.
[lme-module module=”market-activity” city=”Brookline” state=”MA”]
Directions from Brookline to our headquarters
Window Installers Near Brookline:
State Licensed
Background Checked
Verified Reviews
Liability Insurance
Top Installers Near Brookline
More Installers Near Brookline
Search for Brookline Window Installers
Looking For A Price Quote? Get One Now!
Use our configurator for an instant online estimate and schedule a free in-home consultation.
1
Request a Quote
2
In-Home Consult (FREE)
3
Windows Installed
Lumberyards Near Brookline
Top Lumberyards Near Brookline
More Lumberyards Near Brookline
Need windows fast?
Buy from a TrustGard N.O.W. Lumberyard!
The N.O.W. program delivers Brookline inventory windows within 7 days, including application of standard extension jambs and mulling. TrustGard N.O.W. provides among the fastest turnaround times in Massachusetts, affording you the flexibility and responsiveness you need.
Energy Savings & ROI: Brookline vs the rest of Massachusetts
Find out how investing in new windows in Brookline compares to other nearby Massachusetts cities.