Value You Can Measure
Exeter residents have a whole host great reasons to change their windows. Updating leaky windows, renewing the style of your home etc… Some such values should be measured rather explicitly.
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 Exeter, can expect to experience considerable reductions on annual expenditures for energy. If you already have dual pane windows you may save approximately $178.97 compared to $172 in Concord. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $518.74 annually, compared to $472 in Concord.
Increase your Exeter Home’s Value through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows could 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 selling the house? Below is what we found in Exeter:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Exeter, your home value could increase by between $1073.81 and $1571.34 for a mid-tier or top-tier Exeter home respectively. For comparison, the same replacement 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. Exeter homeowners could see an estimated home value gain of between $3112.44 for mid-tier homes and $4554.54 for the top tier. Compare this to between $2832 and $4144.16 in Concord.
Put differently, a window upgrade in Exeter can add anywhere from 0.29% percent and 1.24 % percent to the sale price of your home through 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 Exeter homeowner is quite strong.
The variation between the range for Exeter and Concord, which for reference, would yield a potential premium range of 0.28% percent and 0.41% percent respectively, is derived from a number of factors, particularly; the 0.45% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Boston-Cambridge-Newton region, and energy price differences between Exeter and Concord.
The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research done by the NAHB. Exeter home value data is provided by Zillow.
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