Description
Value You Can Measure
Fieldsboro property owners have countless excellent reasons to upgrade their windows. Fixing old windows, revamping the decor of your home etc… Many such features can be quantified relatively explicitly.
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 sets windows among the top 5 home improvement investments in terms of value retention.
With regards to energy savings, houses in Fieldsboro, should notice considerable savings on weekly expenditures for energy. If you already have dual pane windows you may save about $106.66 compared to $100 in Atlantic City. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $318.59 every year, compared to $274 in Atlantic City.
Build your Fieldsboro Home’s Asking Price through Energy Savings
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Switching your windows to EnergyStar rated National Vinyl windows can increase 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 premium for energy savings if you put your house up for sale? Below is what we discovered in Fieldsboro:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Fieldsboro, your home value could increase by between $639.95 and $936.45 for a mid-tier or top-tier Fieldsboro home respectively. Compare this to, the same upgrade in Atlantic City may get you somewhere between $600 and $878.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Fieldsboro homeowners may expect an estimated home value gain of between $1911.55 for mid-tier homes and $2797.23 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.
Another way to look at it, a window investment in Fieldsboro can add between 0.32% percent and 1.4 % percent to the asking price of your home through the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Fieldsboro homeowner is quite clear.
The variation between the range for Fieldsboro and Atlantic City, which for reference, would yield a potential premium range of 0.3% percent and 0.44% percent respectively, is dependent on a number of factors, principally; the 0.74% 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 Fieldsboro and Atlantic City.
The data presented is based on EnergyStar, the NREL,Department of Energy and meticulous research performed by the NAHB. Fieldsboro 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: Fieldsboro vs the rest of New Jersey
Find out how investing in new windows in Fieldsboro compares to other nearby New Jersey cities.