Description
Value You Can Measure
Delaware Water Gap residents have a whole host excellent reasons to change their windows. Fixing leaky windows, improving the aesthetics of your home etc… Certain such values should be calculated rather exactly.
To start, 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.
With regards to energy savings, people living in Delaware Water Gap, may see considerable declines on annual costs for energy. If you already have dual pane windows you may save approximately $115.63 compared to $116 in Philadelphia. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $291.71 per year, compared to $294 in Philadelphia.
Build your Delaware Water Gap Home’s Value through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows may add to the sale 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 find out : What’s the premium for energy savings when it comes time to sell? Below is what we found in Delaware Water Gap:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Delaware Water Gap, your home value could increase by between $693.78 and $1015.23 for a mid-tier or top-tier Delaware Water Gap home respectively. Compare this to, the same replacement in Philadelphia could yield somewhere between $696 and $1018.48.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Delaware Water Gap homeowners could yield an estimated home value gain of between $1750.23 for mid-tier homes and $2561.18 for the top tier. Compare this to between $1764 and $2581.32 in Philadelphia.
Put differently, a window upgrade in Delaware Water Gap can add anywhere from 0.39% percent and 1.44 % percent to the asking price of your home through 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 Delaware Water Gap homeowner is quite clear.
The variation between the range for Delaware Water Gap and Philadelphia, which for reference, would yield a potential premium range of 0.39% percent and 0.57% percent respectively, is derived from a number of factors, principally; the -0.04% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the East Stroudsburg region, and heating & cooling price differences between Delaware Water Gap and Philadelphia.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and incredible research executed by the National Association of Homebuilders. Delaware Water Gap 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: Delaware Water Gap vs the rest of Pennsylvania
Find out how investing in new windows in Delaware Water Gap compares to other nearby Pennsylvania cities.