Description
Value You Can Measure
Freemansburg property owners have a variety great reasons to upgrade their windows. Replacing leaky windows, renewing the aesthetics of your home etc… Other such values should be measured quite clearly.
To start, 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.
With regards to energy savings, homes in Freemansburg, should see impressive savings on weekly expenditures for energy. If you already have dual pane windows you could save approximately $115.6 compared to $116 in Philadelphia. Whereas, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $291.54 annually, compared to $294 in Philadelphia.
Build your Freemansburg Home’s Asking Price through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows can 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.
In addition, many buyers are willing to pay a premium for energy savings. Here we try to figure out : What’s the premium for energy savings when selling the house? Here is what we found in Freemansburg:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Freemansburg, your home value could increase by between $693.62 and $1014.99 for a mid-tier or top-tier Freemansburg 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. Freemansburg homeowners could yield an estimated home value increase of between $1749.24 for mid-tier homes and $2559.72 for the top tier. Compare this to between $1764 and $2581.32 in Philadelphia.
Put differently, a window upgrade in Freemansburg can add anywhere from 0.39% percent and 1.44 % percent to the value of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Freemansburg homeowner is relatively strong.
The variation between the range for Freemansburg and Philadelphia, which for reference, would yield a potential premium range of 0.39% percent and 0.57% percent respectively, can be estimated from a number of factors, especially; the -0.04% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Allentown-Bethlehem-Easton region, and heating & cooling cost differences between Freemansburg and Philadelphia.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and incredible research conducted by the NAHB. Freemansburg 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: Freemansburg vs the rest of Pennsylvania
Find out how investing in new windows in Freemansburg compares to other nearby Pennsylvania cities.