Savings Category: Replacement Window Savings

Description

Value You Can Measure

Hooksett residents have a whole host good reasons to change their windows. Upgrading damaged windows, renewing the decor of your home etc… Certain such values may be measured quite precisely.

For starters, windows maintain 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.

In terms of energy savings, homeowners in Hooksett, will most probably have significant decreases on annual costs for heating & cooling. If you already have dual pane windows you may save approximately $175.52 compared to $172 in Concord. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $495.59 per year, compared to $472 in Concord.

Improve your Hooksett Home’s Value through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows may add to the sale 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to answer the question : What’s the premium for energy savings if you put your house up for sale? This is what we uncovered in Hooksett:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Hooksett, your home value could increase by around $1053.1 and $1541.04 for a mid-tier or top-tier Hooksett home respectively. Compare this to, the same replacement in Concord could add somewhere between $1032 and $1510.16.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Hooksett homeowners may yield an estimated home value increase of between $2973.54 for mid-tier homes and $4351.28 for the top tier. Compare this to between $2832 and $4144.16 in Concord.

Put differently, a window upgrade in Hooksett can add anywhere from 0.34% percent and 1.4 % 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 initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Hooksett homeowner is relatively strong.

The variation between the range for Hooksett and Concord, which for reference, would yield a potential premium range of 0.33% percent and 0.49% percent respectively, can be estimated from a number of factors, especially; the 0.23% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Concord region, and energy cost differences between Hooksett and Concord.

The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research performed by the National Association of Homebuilders. Hooksett home value data is provided by Zillow.

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Energy Savings & ROI: Hooksett vs the rest of New Hampshire

Find out how investing in new windows in Hooksett compares to other nearby New Hampshire cities.