Description
Value You Can Measure
Jim Thorpe residents have a variety great reasons to replace their windows. Upgrading broken windows, revamping the design of your home etc… Certain such features can be calculated relatively explicitly.
Firstly, 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, homes in Jim Thorpe, could have major decreases on monthly bill for home energy. If you already have dual pane windows you may save around $113.37 compared to $116 in Philadelphia. Whereas, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $277.69 every year, compared to $294 in Philadelphia.
Build your Jim Thorpe Home’s Resale Price through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows can 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.
Moreover, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the return on energy savings if you sell your home? This is what we estimated in Jim Thorpe:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Jim Thorpe, your home value could increase by around $566.84 and $753.89 for a mid-tier or top-tier Jim Thorpe home respectively. For comparison, the same upgrade in Philadelphia may get you somewhere between $580 and $771.4.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Jim Thorpe homeowners may yield an estimated home value gain of between $1388.45 for mid-tier homes and $1846.64 for the top tier. Compare this to between $1470 and $1955.1 in Philadelphia.
Another way to look at it, a window investment in Jim Thorpe can add anywhere from 0.41% percent and 1.34 % 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 Jim Thorpe homeowner is quite clear.
The variation between the range for Jim Thorpe and Philadelphia, which for reference, would yield a potential premium range of 0.42% percent and 0.56% percent respectively, may come from a number of factors, especially; the -0.25% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Allentown-Bethlehem-Easton region, and energy cost differences between Jim Thorpe and Philadelphia.
The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research done by the NAHB. Jim Thorpe 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: Jim Thorpe vs the rest of Pennsylvania
Find out how investing in new windows in Jim Thorpe compares to other nearby Pennsylvania cities.