Savings Category: Replacement Window Savings

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

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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.

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