Savings Category: Replacement Window Savings

Description

Value You Can Measure

Brunswick property owners have many valid reasons to upgrade their windows. Updating damaged windows, refining the decor of your home etc… Some such features may be calculated rather explicitly.

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.

In terms of energy savings, people living in Brunswick, can expect to experience considerable declines on monthly expenditures for electricity. If you already have dual pane windows you may save about $116.09 compared to $117 in Portland. In contrast, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $383.6 every year, compared to $391 in Portland.

Build your Brunswick Home’s Value through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows could increase 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 when selling the house? Here is what we discovered in Brunswick:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Brunswick, your home value could increase by between $696.56 and $1019.3 for a mid-tier or top-tier Brunswick home respectively. Compare this to, the same replacement in Portland may get you somewhere between $702 and $1027.26.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Brunswick homeowners could see an estimated home value gain of between $2301.59 for mid-tier homes and $3367.99 for the top tier. Compare this to between $2346 and $3432.98 in Portland.

Put differently, a window upgrade in Brunswick can add anywhere from 0.23% percent and 1.09 % percent to the value 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Brunswick homeowner is quite strong.

The variation between the range for Brunswick and Portland, which for reference, would yield a potential premium range of 0.23% percent and 0.33% percent respectively, is derived from a number of factors, especially; the -0.09% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Portland-South Portland region, and energy price differences between Brunswick and Portland.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and expert research performed by the National Association of Homebuilders. Brunswick home value data is provided by Zillow.

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