Savings Category: Replacement Window Savings

Description

Value You Can Measure

Concord residents have many valid reasons to upgrade their windows. Upgrading broken windows, changing the decor of your home etc… Certain such benefits should be calculated relatively clearly.

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 puts windows among the top 5 home improvement investments in terms of value retention.

In terms of energy savings, homeowners in Concord, should experience impressive drops on annual spending for home energy. If you already have dual pane windows you could save about $208.16 compared to $197 in Burlington. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $629.61 per year, compared to $553 in Burlington.

Increase your Concord Home’s Resale Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows could 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to answer the question : What’s the return on investment on energy savings if you sell your home? Below is what we discovered in Concord:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Concord, your home value could increase by between $1040.82 and $1384.3 for a mid-tier or top-tier Concord home respectively. Compare this to, the same upgrade in Burlington could add somewhere between $985 and $1310.05.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Concord homeowners could expect an estimated home value increase of between $3148.06 for mid-tier homes and $4186.92 for the top tier. Compare this to between $2765 and $3677.45 in Burlington.

Put differently, a window investment in Concord can add between 0.81% percent and 3.27 % percent to the asking price 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 Concord homeowner is relatively strong.

The variation between the range for Concord and Burlington, which for reference, would yield a potential premium range of 0.77% percent and 1.02% percent respectively, can be estimated from a number of factors, notably; the 0.63% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Berlin region, and energy cost differences between Concord and Burlington.

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

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