Value You Can Measure
Butler property owners have a whole host good reasons to replace their windows. Repairing broken windows, refining the aesthetics of your home etc… Other such values can be measured relatively precisely.
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, homeowners in Butler, will most probably see impressive drops on annual expenditures for home energy. If you already have dual pane windows you could save around $117.51 compared to $100 in Atlantic City. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $391.3 every year, compared to $274 in Atlantic City.
Improve your Butler Home’s Resale Price through Energy Savings
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Upgrading 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 figure out : What’s the return on investment on energy savings if you put your house up for sale? Below is what we estimated in Butler:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Butler, your home value could increase by between $705.08 and $1031.77 for a mid-tier or top-tier Butler home respectively. Compare this to, the same upgrade 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. Butler homeowners may yield an estimated home value gain of between $2347.82 for mid-tier homes and $3435.64 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.
In other words, a window upgrade in Butler can add anywhere from 0.21% percent and 1.02 % percent to the value of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Butler homeowner is relatively clear.
The variation between the range for Butler and Atlantic City, which for reference, would yield a potential premium range of 0.18% percent and 0.26% percent respectively, is derived from a number of factors, principally; the 1.95% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and energy cost differences between Butler and Atlantic City.
The data presented is based on EnergyStar, the NREL,Department of Energy and professional research executed by the National Association of Homebuilders. Butler home value data is provided by Zillow.
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