Description
Value You Can Measure
Irasburg property owners have countless valid reasons to replace their windows. Repairing damaged windows, revamping the design of your home etc… Certain such features can be calculated rather accurately.
For starters, windows preserve 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.
As for energy savings, homes in Irasburg, should see important savings on weekly costs for energy. If you already have dual pane windows you could save around $205.9 compared to $197 in Burlington. In contrast, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $614.04 every year, compared to $553 in Burlington.
Build your Irasburg Home’s Resale Price through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows may increase 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 answer the question : What’s the return on energy savings when selling the house? This is what we discovered in Irasburg:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Irasburg, your home value could increase by around $1235.37 and $1807.76 for a mid-tier or top-tier Irasburg home respectively. Compare this to, the same upgrade in Burlington could yield somewhere between $1182 and $1729.66.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Irasburg homeowners may expect an estimated home value gain of between $3684.23 for mid-tier homes and $5391.26 for the top tier. Compare this to between $3318 and $4855.34 in Burlington.
In other words, a window upgrade in Irasburg can add anywhere from 0.72% percent and 3.13 % percent to the sale 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 initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Irasburg homeowner is relatively strong.
The variation between the range for Irasburg and Burlington, which for reference, would yield a potential premium range of 0.69% percent and 1% percent respectively, may come from a number of factors, especially; the 0.5% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the region, and heating & cooling cost differences between Irasburg and Burlington.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and expert research done by the NAHB. Irasburg 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: Irasburg vs the rest of Vermont
Find out how investing in new windows in Irasburg compares to other nearby Vermont cities.