Value You Can Measure
Jaffrey homeowners have plenty valid reasons to replace their windows. Updating broken windows, refining the decor of your home etc… Many such values may be counted rather explicitly.
First of all, 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.
With regards to energy savings, households located in Jaffrey, are likely to experience major savings on annual spending for energy. If you already have dual pane windows you could save around $170.1 compared to $172 in Concord. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $459.24 per year, compared to $472 in Concord.
Improve your Jaffrey Home’s Asking Price through Energy Savings
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Switching 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 ascertain : What’s the premium for energy savings if you sell your home? This is what we estimated in Jaffrey:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Jaffrey, your home value could increase by around $1020.59 and $1493.46 for a mid-tier or top-tier Jaffrey home respectively. Compare this to, the same upgrade 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. Jaffrey homeowners could see an estimated home value increase of between $2755.45 for mid-tier homes and $4032.14 for the top tier. Compare this to between $2832 and $4144.16 in Concord.
In other words, a window upgrade in Jaffrey can add anywhere from 0.46% percent and 1.82 % percent to the sale price 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 Jaffrey homeowner is relatively clear.
The variation between the range for Jaffrey and Concord, which for reference, would yield a potential premium range of 0.47% percent and 0.68% percent respectively, is dependent on a number of factors, primarily; the -0.12% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Keene region, and heating & cooling cost differences between Jaffrey and Concord.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and incredible research done by the National Association of Homebuilders. Jaffrey home value data is provided by Zillow.
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