Savings Category: Replacement Window Savings

Description

Value You Can Measure

Dover homeowners have countless excellent reasons to upgrade their windows. Upgrading old windows, refining the style of your home etc… Many such benefits should be measured quite precisely.

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

In terms of energy savings, residents of Dover, are likely to experience major decreases on annual expenditures for energy. If you already have dual pane windows you could save approximately $176.21 compared to $172 in Concord. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $500.21 per year, compared to $472 in Concord.

Increase your Dover Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to estimate : What’s the ROI on energy savings when selling the house? Below is what we found in Dover:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Dover, your home value could increase by between $1057.23 and $1547.09 for a mid-tier or top-tier Dover home respectively. For comparison, the same upgrade in Concord could yield somewhere between $1032 and $1510.16.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Dover homeowners could see an estimated home value gain of between $3001.27 for mid-tier homes and $4391.86 for the top tier. Compare this to between $2832 and $4144.16 in Concord.

Another way to look at it, a window upgrade in Dover can add anywhere from 0.33% percent and 1.37 % 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 Dover homeowner is relatively strong.

The variation between the range for Dover and Concord, which for reference, would yield a potential premium range of 0.32% percent and 0.47% percent respectively, is derived from a number of factors, primarily; the 0.27% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Boston-Cambridge-Newton region, and energy cost differences between Dover and Concord.

The data presented is based on EnergyStar, the NREL,Department of Energy and extensive research performed by the NAHB. Dover home value data is provided by Zillow.

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Energy Savings & ROI: Dover vs the rest of New Hampshire

Find out how investing in new windows in Dover compares to other nearby New Hampshire cities.