Description
Value You Can Measure
Friendsville homeowners have plenty excellent reasons to replace their windows. Upgrading leaky windows, refining the style of your home etc… Many such benefits can be calculated quite exactly.
To begin with, 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.
With regards to energy savings, households located in Friendsville, can expect to have impressive decreases on weekly costs for electricity. If you already have dual pane windows you may save about $110.6 compared to $116 in Philadelphia. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $260.57 per year, compared to $294 in Philadelphia.
Increase your Friendsville Home’s Resale Price through Energy Savings
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Switching 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 find out : What’s the return on energy savings if you put your house up for sale? The following is what we uncovered in Friendsville:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Friendsville, your home value could increase by around $553.02 and $735.51 for a mid-tier or top-tier Friendsville home respectively. For comparison, the same replacement in Philadelphia could yield somewhere between $580 and $771.4.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Friendsville homeowners may expect an estimated home value gain of between $1302.83 for mid-tier homes and $1732.76 for the top tier. Compare this to between $1470 and $1955.1 in Philadelphia.
Put differently, a window investment in Friendsville can add anywhere from 0.62% percent and 1.94 % percent to the asking price of your home by way of 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 Friendsville homeowner is quite clear.
The variation between the range for Friendsville and Philadelphia, which for reference, would yield a potential premium range of 0.65% percent and 0.86% percent respectively, is derived from a number of factors, primarily; the -0.52% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the region, and energy price differences between Friendsville and Philadelphia.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and professional research executed by the National Association of Homebuilders. Friendsville 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: Friendsville vs the rest of Pennsylvania
Find out how investing in new windows in Friendsville compares to other nearby Pennsylvania cities.