Savings Category: Replacement Window Savings

Description

Value You Can Measure

Gray residents have countless excellent reasons to replace their windows. Fixing broken windows, changing the design of your home etc… Some such features can be counted quite accurately.

For starters, windows conserve 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, homes in Gray, can expect to experience dramatic reductions on annual spending for home energy. If you already have dual pane windows you may save approximately $115.56 compared to $117 in Portland. On the other hand, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $379.25 per year, compared to $391 in Portland.

Build your Gray Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to ascertain : What’s the return on energy savings if you put your house up for sale? Below is what we found in Gray:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Gray, your home value could increase by around $693.37 and $1014.63 for a mid-tier or top-tier Gray home respectively. For comparison, the same replacement in Portland may get you somewhere between $702 and $1027.26.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Gray homeowners may expect an estimated home value gain of between $2275.5 for mid-tier homes and $3329.81 for the top tier. Compare this to between $2346 and $3432.98 in Portland.

In other words, a window investment in Gray can add anywhere from 0.24% percent and 1.14 % percent to the value of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Gray homeowner is quite clear.

The variation between the range for Gray and Portland, which for reference, would yield a potential premium range of 0.24% percent and 0.35% percent respectively, is derived from a number of factors, especially; the -0.14% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Portland-South Portland region, and energy price differences between Gray and Portland.

The data presented is based on EnergyStar, the NREL,Department of Energy and expert research performed by the NAHB. Gray home value data is provided by Zillow.

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