Savings Category: Replacement Window Savings

Description

Value You Can Measure

Dennis homeowners have many strong reasons to replace their windows. Fixing broken windows, refining the look and feel of your home etc… Other such features may be calculated relatively exactly.

First of all, windows retain 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.

With regards to energy savings, homes in Dennis, are likely to notice important savings on monthly expenditures for home energy. If you already have dual pane windows you may save about $110.08 compared to $114 in Boston. In contrast, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $315.05 every year, compared to $344 in Boston.

Improve your Dennis 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to figure out : What’s the ROI on energy savings if you sell your home? Below is what we uncovered in Dennis:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Dennis, your home value could increase by around $660.45 and $966.46 for a mid-tier or top-tier Dennis home respectively. Compare this to, 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. Dennis homeowners may yield an estimated home value gain of between $1890.31 for mid-tier homes and $2766.15 for the top tier. Compare this to between $2064 and $3020.32 in Boston.

Put differently, a window upgrade in Dennis can add between 0.17% percent and 0.7 % percent to the asking price of your home via 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 Dennis homeowner is quite strong.

The variation between the range for Dennis and Boston, which for reference, would yield a potential premium range of 0.17% percent and 0.25% percent respectively, can be estimated from a number of factors, principally; the -0.38% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Barnstable Town region, and heating & cooling cost differences between Dennis and Boston.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and meticulous research performed by the NAHB. Dennis home value data is provided by Zillow.

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