Description
Value You Can Measure
Fairless Hills homeowners have countless valid reasons to replace their windows. Repairing broken windows, revamping the aesthetics of your home etc… Some such benefits may be quantified rather clearly.
First of all, windows maintain 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.
With regards to energy savings, houses in Fairless Hills, should experience important savings on monthly spending for electricity. If you already have dual pane windows you could save about $120.73 compared to $116 in Philadelphia. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $323.28 every year, compared to $294 in Philadelphia.
Grow your Fairless Hills Home’s Resale Price through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows may 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 ascertain : What’s the premium for energy savings if you sell your home? The following is what we discovered in Fairless Hills:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Fairless Hills, your home value could increase by between $724.36 and $1059.98 for a mid-tier or top-tier Fairless Hills home respectively. Compare this to, the same replacement in Philadelphia could yield somewhere between $696 and $1018.48.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Fairless Hills homeowners could yield an estimated home value gain of between $1939.68 for mid-tier homes and $2838.4 for the top tier. Compare this to between $1764 and $2581.32 in Philadelphia.
Another way to look at it, a window upgrade in Fairless Hills can add between 0.27% percent and 1.06 % percent to the asking price of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Fairless Hills homeowner is relatively strong.
The variation between the range for Fairless Hills and Philadelphia, which for reference, would yield a potential premium range of 0.26% percent and 0.38% percent respectively, can be estimated from a number of factors, particularly; the 0.45% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Philadelphia-Camden-Wilmington region, and heating & cooling cost differences between Fairless Hills and Philadelphia.
The data presented is based on EnergyStar, the NREL,Department of Energy and incredible research conducted by the NAHB. Fairless Hills 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: Fairless Hills vs the rest of Pennsylvania
Find out how investing in new windows in Fairless Hills compares to other nearby Pennsylvania cities.