Description
Value You Can Measure
Harwich Port property owners have many great reasons to upgrade their windows. Repairing broken windows, improving the aesthetics of your home etc… Other such features may be calculated rather exactly.
To begin with, windows retain about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This puts windows among the top 5 home improvement investments in terms of value retention.
With regards to energy savings, people living in Harwich Port, should notice considerable savings on daily spending for electricity. If you already have dual pane windows you may save approximately $113.52 compared to $114 in Boston. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $340.43 annually, compared to $344 in Boston.
Improve your Harwich Port Home’s Asking Price through Energy Savings
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Upgrading 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.
In addition, many buyers are willing to pay a premium for energy savings. Here we try to estimate : What’s the return on energy savings if you put your house up for sale? Below is what we uncovered in Harwich Port:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Harwich Port, your home value could increase by between $1198.73 and $1671.64 for a mid-tier or top-tier Harwich Port home respectively. For comparison, the same replacement in Boston could add somewhere between $1203.84 and $1678.76.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Harwich Port homeowners could see an estimated home value increase of between $3594.97 for mid-tier homes and $5013.22 for the top tier. Compare this to between $3632.64 and $5065.74 in Boston.
In other words, a window investment in Harwich Port can add anywhere from 0.2% percent and 0.83 % percent to the asking price of your home by way of 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 Harwich Port homeowner is quite strong.
The variation between the range for Harwich Port and Boston, which for reference, would yield a potential premium range of 0.2% percent and 0.28% percent respectively, can be estimated from a number of factors, primarily; the -0.05% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Barnstable Town region, and heating & cooling cost differences between Harwich Port and Boston.
The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research performed by the NAHB. Harwich Port 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: Harwich Port vs the rest of Massachusetts
Find out how investing in new windows in Harwich Port compares to other nearby Massachusetts cities.