Description
Value You Can Measure
Bryn Athyn property owners have a whole host excellent reasons to change their windows. Repairing leaky windows, refining the design of your home etc… Many such benefits may be measured rather accurately.
First of all, windows preserve 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.
As for energy savings, people living in Bryn Athyn, may experience large savings on annual bill for electricity. If you already have dual pane windows you may save around $129.29 compared to $116 in Philadelphia. Whereas, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $376.35 per annum, compared to $294 in Philadelphia.
Build your Bryn Athyn Home’s Resale Price through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows may increase 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.
Moreover, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the premium for energy savings when it comes time to sell? The following is what we estimated in Bryn Athyn:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Bryn Athyn, your home value could increase by between $775.76 and $1135.19 for a mid-tier or top-tier Bryn Athyn home respectively. For comparison, the same upgrade in Philadelphia may get you somewhere between $696 and $1018.48.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Bryn Athyn homeowners may yield an estimated home value gain of between $2258.12 for mid-tier homes and $3304.39 for the top tier. Compare this to between $1764 and $2581.32 in Philadelphia.
Another way to look at it, a window upgrade in Bryn Athyn can add between 0.18% percent and 0.79 % percent to the value of your home via the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Bryn Athyn homeowner is relatively strong.
The variation between the range for Bryn Athyn and Philadelphia, which for reference, would yield a potential premium range of 0.17% percent and 0.24% percent respectively, can be estimated from a number of factors, notably; the 1.27% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Philadelphia-Camden-Wilmington region, and energy cost differences between Bryn Athyn and Philadelphia.
The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research done by the National Association of Homebuilders. Bryn Athyn 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: Bryn Athyn vs the rest of Pennsylvania
Find out how investing in new windows in Bryn Athyn compares to other nearby Pennsylvania cities.