Description
Value You Can Measure
Ipswich property owners have a variety good reasons to change their windows. Replacing broken windows, improving the decor of your home etc… Some such benefits should be quantified rather precisely.
Firstly, 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.
With regards to energy savings, homeowners in Ipswich, may have large decreases on weekly expenditures for electricity. If you already have dual pane windows you could save approximately $112.44 compared to $114 in Boston. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $332.46 annually, compared to $344 in Boston.
Improve your Ipswich Home’s Value through Energy Savings
[lme-module module=”market-stats” city=”Ipswich” state=”MA”]
Upgrading your windows to EnergyStar rated National Vinyl windows can increase 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 determine : What’s the return on energy savings when it comes time to sell? The following is what we estimated in Ipswich:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Ipswich, your home value could increase by between $1187.32 and $1655.73 for a mid-tier or top-tier Ipswich home respectively. Compare this to, the same replacement in Boston may get you 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. Ipswich homeowners may expect an estimated home value increase of between $3510.79 for mid-tier homes and $4895.82 for the top tier. Compare this to between $3632.64 and $5065.74 in Boston.
In other words, a window investment in Ipswich can add anywhere from 0.22% percent and 0.91 % percent to the value of your home via 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 Ipswich homeowner is relatively clear.
The variation between the range for Ipswich and Boston, which for reference, would yield a potential premium range of 0.22% percent and 0.31% percent respectively, can be estimated from a number of factors, especially; the -0.15% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Boston-Cambridge-Newton region, and energy cost differences between Ipswich and Boston.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and extensive research done by the National Association of Homebuilders. Ipswich 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.
[lme-module module=”market-activity” city=”Ipswich” state=”MA”]
Directions from Ipswich to our headquarters
Window Installers Near Ipswich:
State Licensed
Background Checked
Verified Reviews
Liability Insurance
Top Installers Near Ipswich
More Installers Near Ipswich
Search for Ipswich Window Installers
Looking For A Price Quote? Get One Now!
Use our configurator for an instant online estimate and schedule a free in-home consultation.
1
Request a Quote
2
In-Home Consult (FREE)
3
Windows Installed
Lumberyards Near Ipswich
Top Lumberyards Near Ipswich
More Lumberyards Near Ipswich
Need windows fast?
Buy from a TrustGard N.O.W. Lumberyard!
The N.O.W. program delivers Ipswich inventory windows within 7 days, including application of standard extension jambs and mulling. TrustGard N.O.W. provides among the fastest turnaround times in Massachusetts, affording you the flexibility and responsiveness you need.
Energy Savings & ROI: Ipswich vs the rest of Massachusetts
Find out how investing in new windows in Ipswich compares to other nearby Massachusetts cities.