Description
Value You Can Measure
Burlington property owners have countless excellent reasons to change their windows. Upgrading damaged windows, changing the aesthetics of your home etc… Some such benefits can be calculated relatively precisely.
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 places windows among the top 5 home improvement investments in terms of value retention.
As for energy savings, people living in Burlington will most probably experience important drops on monthly costs for home energy. If you already have dual pane windows you could save approximately $197 a year. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $553 annually
Improve your Burlington Home’s Resale Price through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows can 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 ascertain : What’s the premium for energy savings on the market? The following is what we uncovered 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 around $1182 and $1729.66 for a mid-tier or top-tier Burlington home respectively.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Burlington homeowners may expect an estimated home value gain of between $3318 for mid-tier homes and $4855.34 for the top tier.
In other words, a window investment in Burlington can add between 0.34% percent and 1.4 % percent to the asking price of your home through 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 Burlington homeowner is relatively strong.
The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research conducted by the NAHB. Burlington 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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