Description
Value You Can Measure
Dushore homeowners have many good reasons to replace their windows. Updating leaky windows, changing the decor of your home etc… Some such benefits should be calculated relatively accurately.
Firstly, windows maintain 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, homeowners in Dushore, will most probably have major decreases on weekly spending for home energy. If you already have dual pane windows you could save approximately $111.88 compared to $116 in Philadelphia. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $268.48 annually, compared to $294 in Philadelphia.
Build your Dushore Home’s Asking Price through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows can 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 determine : What’s the return on energy savings if you sell your home? The following is what we discovered in Dushore:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Dushore, your home value could increase by around $559.41 and $744.01 for a mid-tier or top-tier Dushore home respectively. Compare this to, the same upgrade in Philadelphia may get you somewhere between $580 and $771.4.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Dushore homeowners may see an estimated home value gain of between $1342.41 for mid-tier homes and $1785.4 for the top tier. Compare this to between $1470 and $1955.1 in Philadelphia.
Another way to look at it, a window upgrade in Dushore can add anywhere from 0.5% percent and 1.59 % 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 initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Dushore homeowner is quite clear.
The variation between the range for Dushore and Philadelphia, which for reference, would yield a potential premium range of 0.52% percent and 0.69% percent respectively, can be estimated from a number of factors, in particular; the -0.39% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the region, and energy cost differences between Dushore and Philadelphia.
The data presented is derived from EnergyStar, the NREL,Department of Energy and meticulous research conducted by the NAHB. Dushore 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: Dushore vs the rest of Pennsylvania
Find out how investing in new windows in Dushore compares to other nearby Pennsylvania cities.