Value You Can Measure
Castleton homeowners have a whole host excellent reasons to upgrade their windows. Updating leaky windows, revamping the decor of your home etc… Certain such benefits may be measured quite clearly.
For starters, 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.
In terms of energy savings, people living in Castleton, may notice significant reductions on annual costs for home energy. If you already have dual pane windows you could save approximately $204.44 compared to $197 in Burlington. Whereas, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $604.04 annually, compared to $553 in Burlington.
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Increase your Castleton Home’s Asking Price through Energy Savings
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Upgrading 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 determine : What’s the return on energy savings when it comes time to sell? Below is what we uncovered in Castleton:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Castleton, your home value could increase by around $1226.63 and $1794.97 for a mid-tier or top-tier Castleton home respectively. For comparison, the same upgrade in Burlington could yield somewhere between $1182 and $1729.66.
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Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Castleton homeowners could yield an estimated home value gain of between $3624.24 for mid-tier homes and $5303.47 for the top tier. Compare this to between $3318 and $4855.34 in Burlington.
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In other words, a window upgrade in Castleton can add between 0.61% percent and 2.64 % percent to the value of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Castleton homeowner is relatively clear.
The variation between the range for Castleton and Burlington, which for reference, would yield a potential premium range of 0.59% percent and 0.86% percent respectively, can be estimated from a number of factors, notably; the 0.42% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Rutland region, and energy cost differences between Castleton and Burlington.
The data presented is based on EnergyStar, the NREL,Department of Energy and expert research performed by the NAHB. Castleton home value data is provided by Zillow.
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Directions from Castleton to our headquarters
