Savings Category: Replacement Window Savings

Description

Value You Can Measure

Burlington property owners have plenty valid reasons to upgrade their windows. Upgrading broken windows, changing the design of your home etc… Other such features may be calculated relatively clearly.

First of all, windows retain 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, houses in Burlington, can expect to notice large declines on annual expenditures for heating & cooling. If you already have dual pane windows you could save about $108.29 compared to $100 in Atlantic City. Whereas, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $329.51 annually, compared to $274 in Atlantic City.

Build your Burlington Home’s Resale Price 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 determine : What’s the premium for energy savings when selling the house? What follows is what we found in Burlington:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Burlington, your home value could increase by between $649.73 and $950.77 for a mid-tier or top-tier Burlington home respectively. For comparison, the same replacement in Atlantic City could yield somewhere between $600 and $878.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Burlington homeowners could see an estimated home value gain of between $1977.09 for mid-tier homes and $2893.14 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.

In other words, a window upgrade in Burlington can add anywhere from 0.3% percent and 1.31 % 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 Burlington homeowner is relatively strong.

The variation between the range for Burlington and Atlantic City, which for reference, would yield a potential premium range of 0.27% percent and 0.4% percent respectively, is dependent on a number of factors, particularly; the 0.92% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Philadelphia-Camden-Wilmington region, and energy cost differences between Burlington and Atlantic City.

The data presented is derived from EnergyStar, the NREL,Department of Energy and incredible research conducted by the National Association of Homebuilders. Burlington home value data is provided by Zillow.

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