Savings Category: Replacement Window Savings

Description

Value You Can Measure

Hampton residents have plenty strong reasons to upgrade their windows. Repairing damaged windows, changing the decor of your home etc… Many such values may be quantified relatively clearly.

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 places windows among the top 5 home improvement investments in terms of value retention.

As for energy savings, homeowners in Hampton, should notice considerable savings on annual bill for heating & cooling. If you already have dual pane windows you could save around $180.33 compared to $172 in Concord. Whereas, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $527.89 per year, compared to $472 in Concord.

Build your Hampton Home’s Value through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may add to the value 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 uncover : What’s the return on energy savings when selling the house? Below is what we discovered in Hampton:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Hampton, your home value could increase by between $1081.99 and $1583.31 for a mid-tier or top-tier Hampton home respectively. For comparison, the same upgrade in Concord could yield somewhere between $1032 and $1510.16.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Hampton homeowners could see an estimated home value gain of between $3167.32 for mid-tier homes and $4634.85 for the top tier. Compare this to between $2832 and $4144.16 in Concord.

Another way to look at it, a window upgrade in Hampton can add anywhere from 0.28% percent and 1.19 % 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Hampton homeowner is quite clear.

The variation between the range for Hampton and Concord, which for reference, would yield a potential premium range of 0.27% percent and 0.39% percent respectively, is dependent on a number of factors, particularly; the 0.54% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Boston-Cambridge-Newton region, and energy price differences between Hampton and Concord.

The data presented is derived from EnergyStar, the NREL,Department of Energy and expert research executed by the NAHB. Hampton home value data is provided by Zillow.

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