Description
Value You Can Measure
Courtdale property owners have a multitude strong reasons to replace their windows. Repairing old windows, revamping the aesthetics of your home etc… Other such values should be counted quite exactly.
To begin with, windows retain 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, residents of Courtdale, can expect to notice important drops on annual expenditures for heating & cooling. If you already have dual pane windows you may save approximately $111.18 compared to $116 in Philadelphia. Whereas, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $264.14 per year, compared to $294 in Philadelphia.
Increase your Courtdale Home’s Asking Price through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows could 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.
In addition, many buyers are willing to pay a premium for energy savings. Here we try to figure out : What’s the premium for energy savings when it comes time to sell? Here is what we discovered in Courtdale:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Courtdale, your home value could increase by between $555.9 and $739.35 for a mid-tier or top-tier Courtdale home respectively. Compare this to, the same replacement in Philadelphia could add somewhere between $580 and $771.4.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Courtdale homeowners may yield an estimated home value increase of between $1320.7 for mid-tier homes and $1756.53 for the top tier. Compare this to between $1470 and $1955.1 in Philadelphia.
In other words, a window upgrade in Courtdale can add anywhere from 0.56% percent and 1.76 % 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Courtdale homeowner is relatively clear.
The variation between the range for Courtdale and Philadelphia, which for reference, would yield a potential premium range of 0.58% percent and 0.77% percent respectively, can be estimated from a number of factors, particularly; the -0.46% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Scranton–Wilkes-Barre–Hazleton region, and energy price differences between Courtdale and Philadelphia.
The data presented is based on EnergyStar, the NREL,Department of Energy and extensive research executed by the National Association of Homebuilders. Courtdale 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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Energy Savings & ROI: Courtdale vs the rest of Pennsylvania
Find out how investing in new windows in Courtdale compares to other nearby Pennsylvania cities.