Savings Category: Replacement Window Savings

Description

Value You Can Measure

Laconia residents have a variety good reasons to replace their windows. Fixing damaged windows, renewing the decor of your home etc… Some such features may be counted quite explicitly.

To begin with, windows preserve 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.

As for energy savings, homes in Laconia, are likely to see dramatic savings on daily costs for heating & cooling. If you already have dual pane windows you could save approximately $170.74 compared to $172 in Concord. On the other hand, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $463.52 per annum, compared to $472 in Concord.

Increase your Laconia Home’s Asking Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows can add to 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to determine : What’s the ROI on energy savings on the market? Here is what we found in Laconia:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Laconia, your home value could increase by between $1024.42 and $1499.06 for a mid-tier or top-tier Laconia home respectively. For comparison, 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. Laconia homeowners may yield an estimated home value gain of between $2781.14 for mid-tier homes and $4069.73 for the top tier. Compare this to between $2832 and $4144.16 in Concord.

Put differently, a window upgrade in Laconia can add anywhere from 0.44% percent and 1.75 % percent to the sale price of your home through 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 Laconia homeowner is relatively strong.

The variation between the range for Laconia and Concord, which for reference, would yield a potential premium range of 0.44% percent and 0.65% percent respectively, is derived from a number of factors, notably; the -0.08% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Laconia region, and heating & cooling price differences between Laconia and Concord.

The data presented is derived from EnergyStar, the NREL,Department of Energy and expert research conducted by the NAHB. Laconia home value data is provided by Zillow.

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Energy Savings & ROI: Laconia vs the rest of New Hampshire

Find out how investing in new windows in Laconia compares to other nearby New Hampshire cities.