Description
Value You Can Measure
Chelsea homeowners have countless valid reasons to upgrade their windows. Repairing damaged windows, improving the decor of your home etc… Some such features can be counted quite precisely.
To begin with, 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.
With regards to energy savings, homeowners in Chelsea, could have major reductions on monthly expenditures for energy. If you already have dual pane windows you could save approximately $110.06 compared to $114 in Boston. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $314.93 per annum, compared to $344 in Boston.
Grow your Chelsea Home’s Resale Price through Energy Savings
[lme-module module=”market-stats” city=”Chelsea” state=”MA”]
Upgrading your windows to EnergyStar rated National Vinyl windows may increase the asking 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 determine : What’s the return on investment on energy savings if you sell your home? What follows is what we found in Chelsea:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Chelsea, your home value could increase by between $660.35 and $966.32 for a mid-tier or top-tier Chelsea home respectively. For comparison, the same replacement in Boston could yield somewhere between $684 and $1000.92.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Chelsea homeowners may yield an estimated home value increase of between $1889.58 for mid-tier homes and $2765.09 for the top tier. Compare this to between $2064 and $3020.32 in Boston.
Put differently, a window investment in Chelsea can add anywhere from 0.17% percent and 0.71 % 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 initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Chelsea homeowner is relatively clear.
The variation between the range for Chelsea and Boston, which for reference, would yield a potential premium range of 0.17% percent and 0.26% percent respectively, is derived from a number of factors, principally; the -0.38% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Boston-Cambridge-Newton region, and heating & cooling cost differences between Chelsea and Boston.
The data presented is based on EnergyStar, the NREL,Department of Energy and expert research conducted by the National Association of Homebuilders. Chelsea 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.
[lme-module module=”market-activity” city=”Chelsea” state=”MA”]
Directions from Chelsea to our headquarters
Window Installers Near Chelsea:
State Licensed
Background Checked
Verified Reviews
Liability Insurance
Top Installers Near Chelsea
More Installers Near Chelsea
Search for Chelsea Window Installers
Looking For A Price Quote? Get One Now!
Use our configurator for an instant online estimate and schedule a free in-home consultation.
1
Request a Quote
2
In-Home Consult (FREE)
3
Windows Installed
Lumberyards Near Chelsea
Top Lumberyards Near Chelsea
More Lumberyards Near Chelsea
Need windows fast?
Buy from a TrustGard N.O.W. Lumberyard!
The N.O.W. program delivers Chelsea inventory windows within 7 days, including application of standard extension jambs and mulling. TrustGard N.O.W. provides among the fastest turnaround times in Massachusetts, affording you the flexibility and responsiveness you need.
Energy Savings & ROI: Chelsea vs the rest of Massachusetts
Find out how investing in new windows in Chelsea compares to other nearby Massachusetts cities.