Value You Can Measure
East Sandwich property owners have a variety great reasons to upgrade their windows. Upgrading old windows, refining the style of your home etc… Some such benefits can be measured quite exactly.
To start, windows conserve 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.
As for energy savings, homeowners in East Sandwich, will most probably have dramatic decreases on annual expenditures for electricity. If you already have dual pane windows you may save approximately $111.73 compared to $114 in Boston. In contrast, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $327.25 annually, compared to $344 in Boston.
Improve your East Sandwich Home’s Resale Price through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows can 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 answer the question : What’s the return on investment on energy savings if you put your house up for sale? The following is what we estimated in East Sandwich:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in East Sandwich, your home value could increase by between $670.37 and $980.98 for a mid-tier or top-tier East Sandwich home respectively. Compare this to, the same upgrade in Boston may get you somewhere between $684 and $1000.92.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. East Sandwich homeowners could expect an estimated home value increase of between $1963.48 for mid-tier homes and $2873.22 for the top tier. Compare this to between $2064 and $3020.32 in Boston.
Another way to look at it, a window investment in East Sandwich can add between 0.14% percent and 0.58 % percent to the value of your home by way of 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 East Sandwich homeowner is quite clear.
The variation between the range for East Sandwich and Boston, which for reference, would yield a potential premium range of 0.14% percent and 0.2% percent respectively, can be estimated from a number of factors, in particular; the -0.22% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Barnstable Town region, and heating & cooling price differences between East Sandwich and Boston.
The data presented is derived from EnergyStar, the NREL,Department of Energy and incredible research executed by the National Association of Homebuilders. East Sandwich home value data is provided by Zillow.
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