Savings Category: Replacement Window Savings

Description

Value You Can Measure

Kennebunk property owners have countless good reasons to replace their windows. Updating broken windows, changing the decor of your home etc… Many such features should be counted rather accurately.

First of all, windows preserve 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, people living in Kennebunk, may experience significant decreases on weekly costs for home energy. If you already have dual pane windows you may save about $118.48 compared to $117 in Portland. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $403.11 annually, compared to $391 in Portland.

Increase your Kennebunk Home’s Resale Price through Energy Savings

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Upgrading 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 determine : What’s the premium for energy savings when it comes time to sell? Here is what we uncovered in Kennebunk:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Kennebunk, your home value could increase by between $710.89 and $1040.28 for a mid-tier or top-tier Kennebunk home respectively. Compare this to, the same upgrade in Portland could add somewhere between $702 and $1027.26.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Kennebunk homeowners could expect an estimated home value gain of between $2418.66 for mid-tier homes and $3539.31 for the top tier. Compare this to between $2346 and $3432.98 in Portland.

In other words, a window upgrade in Kennebunk can add anywhere from 0.18% percent and 0.92 % percent to the value of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Kennebunk homeowner is quite strong.

The variation between the range for Kennebunk and Portland, which for reference, would yield a potential premium range of 0.18% percent and 0.27% percent respectively, is derived from a number of factors, principally; the 0.14% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Portland-South Portland region, and heating & cooling cost differences between Kennebunk and Portland.

The data presented is based on EnergyStar, the NREL,Department of Energy and incredible research performed by the NAHB. Kennebunk home value data is provided by Zillow.

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The N.O.W. program delivers Kennebunk inventory windows within 7 days, including application of standard extension jambs and mulling. TrustGard N.O.W. provides among the fastest turnaround times in Maine, affording you the flexibility and responsiveness you need.