Description
Value You Can Measure
Lansford residents have a multitude strong reasons to upgrade their windows. Repairing leaky windows, renewing the look and feel of your home etc… Other such values may be counted relatively clearly.
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 sets windows among the top 5 home improvement investments in terms of value retention.
As for energy savings, houses in Lansford, should notice major decreases on daily bill for energy. If you already have dual pane windows you may save around $107.82 compared to $116 in Philadelphia. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $243.3 per annum, compared to $294 in Philadelphia.
Grow your Lansford Home’s Value through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows could increase 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 ascertain : What’s the return on investment on energy savings when it comes time to sell? What follows is what we uncovered in Lansford:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Lansford, your home value could increase by around $539.08 and $716.98 for a mid-tier or top-tier Lansford home respectively. For comparison, the same replacement 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. Lansford homeowners may expect an estimated home value increase of between $1216.51 for mid-tier homes and $1617.96 for the top tier. Compare this to between $1470 and $1955.1 in Philadelphia.
Another way to look at it, a window investment in Lansford can add between 1.35% percent and 4.05 % percent to the value 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Lansford homeowner is relatively strong.
The variation between the range for Lansford and Philadelphia, which for reference, would yield a potential premium range of 1.45% percent and 1.93% percent respectively, is derived from a number of factors, notably; the -0.78% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Allentown-Bethlehem-Easton region, and heating & cooling price differences between Lansford and Philadelphia.
The data presented is based on EnergyStar, the NREL,Department of Energy and incredible research conducted by the NAHB. Lansford 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: Lansford vs the rest of Pennsylvania
Find out how investing in new windows in Lansford compares to other nearby Pennsylvania cities.