Description
Value You Can Measure
East Stroudsburg homeowners have plenty great reasons to replace their windows. Repairing old windows, revamping the design of your home etc… Some such values can be calculated relatively precisely.
To begin with, 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.
In terms of energy savings, houses in East Stroudsburg, will most probably see major savings on monthly bill for electricity. If you already have dual pane windows you could save around $114.95 compared to $116 in Philadelphia. In contrast, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $287.49 annually, compared to $294 in Philadelphia.
Build your East Stroudsburg Home’s Value through Energy Savings
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Replacing 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.
In addition, many buyers are willing to pay a premium for energy savings. Here we try to ascertain : What’s the return on investment on energy savings when it comes time to sell? The following is what we discovered in East Stroudsburg:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in East Stroudsburg, your home value could increase by between $689.7 and $1009.25 for a mid-tier or top-tier East Stroudsburg home respectively. For comparison, the same replacement in Philadelphia may get you somewhere between $696 and $1018.48.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. East Stroudsburg homeowners may see an estimated home value gain of between $1724.94 for mid-tier homes and $2524.16 for the top tier. Compare this to between $1764 and $2581.32 in Philadelphia.
Another way to look at it, a window investment in East Stroudsburg can add between 0.41% percent and 1.52 % percent to the asking price of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a East Stroudsburg homeowner is relatively clear.
The variation between the range for East Stroudsburg and Philadelphia, which for reference, would yield a potential premium range of 0.42% percent and 0.61% percent respectively, may come from a number of factors, principally; the -0.1% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the East Stroudsburg region, and heating & cooling price differences between East Stroudsburg and Philadelphia.
The data presented is derived from EnergyStar, the NREL,Department of Energy and incredible research done by the National Association of Homebuilders. East Stroudsburg 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: East Stroudsburg vs the rest of Pennsylvania
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