Savings Category: Replacement Window Savings

Description

Value You Can Measure

Dayton residents have countless valid reasons to change their windows. Repairing broken windows, changing the design of your home etc… Some such benefits may be counted rather explicitly.

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

As for energy savings, homes in Dayton, are likely to see major drops on annual expenditures for heating & cooling. If you already have dual pane windows you could save approximately $120.19 compared to $100 in Atlantic City. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $409.23 annually, compared to $274 in Atlantic City.

Improve your Dayton Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may add to 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 estimate : What’s the premium for energy savings on the market? Here is what we estimated in Dayton:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Dayton, your home value could increase by around $721.14 and $1055.27 for a mid-tier or top-tier Dayton home respectively. For comparison, the same upgrade in Atlantic City may get you somewhere between $600 and $878.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Dayton homeowners may expect an estimated home value increase of between $2455.37 for mid-tier homes and $3593.03 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.

Put differently, a window upgrade in Dayton can add anywhere from 0.19% percent and 0.97 % percent to the value of your home through the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Dayton homeowner is quite strong.

The variation between the range for Dayton and Atlantic City, which for reference, would yield a potential premium range of 0.16% percent and 0.24% percent respectively, is derived from a number of factors, principally; the 2.24% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and energy cost differences between Dayton and Atlantic City.

The data presented is based on EnergyStar, the NREL,Department of Energy and professional research conducted by the NAHB. Dayton home value data is provided by Zillow.

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Energy Savings & ROI: Dayton vs the rest of New Jersey

Find out how investing in new windows in Dayton compares to other nearby New Jersey cities.