Value You Can Measure
Edgartown residents have a whole host excellent reasons to replace their windows. Fixing leaky windows, improving the look and feel of your home etc… Certain such benefits can be measured relatively exactly.
Firstly, windows conserve 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.
In terms of energy savings, residents of Edgartown, should have considerable decreases on daily bill for heating & cooling. If you already have dual pane windows you may save around $119.91 compared to $114 in Boston. Whereas, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $387.6 annually, compared to $344 in Boston.
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Build your Edgartown Home’s Asking Price through Energy Savings
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Switching 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 answer the question : What’s the ROI on energy savings when it comes time to sell? The following is what we uncovered in Edgartown:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Edgartown, your home value could increase by between $1558.84 and $2468.84 for a mid-tier or top-tier Edgartown home respectively. Compare this to, the same replacement in Boston may get you somewhere between $1482 and $2347.15.
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Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Edgartown homeowners may yield an estimated home value increase of between $5038.76 for mid-tier homes and $7980.24 for the top tier. Compare this to between $4472 and $7082.62 in Boston.
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In other words, a window investment in Edgartown can add between 0.16% percent and 0.8 % 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Edgartown homeowner is quite strong.
The variation between the range for Edgartown and Boston, which for reference, would yield a potential premium range of 0.15% percent and 0.23% percent respectively, is dependent on a number of factors, in particular; the 0.58% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Vineyard Haven region, and heating & cooling price differences between Edgartown and Boston.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and professional research done by the NAHB. Edgartown home value data is provided by Zillow.
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Directions from Edgartown to our headquarters
