Value You Can Measure
Laurel Run homeowners have plenty strong reasons to upgrade their windows. Fixing damaged windows, renewing the style of your home etc… Some such values may be calculated rather precisely.
First of all, 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.
In terms of energy savings, homes in Laurel Run, should notice important decreases on annual spending for energy. If you already have dual pane windows you may save around $113.36 compared to $116 in Philadelphia. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $277.61 every year, compared to $294 in Philadelphia.
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Increase your Laurel Run Home’s Asking Price through Energy Savings
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Switching your windows to EnergyStar rated National Vinyl windows may increase the asking 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 return on energy savings when it comes time to sell? Below is what we estimated in Laurel Run:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Laurel Run, your home value could increase by around $566.78 and $753.81 for a mid-tier or top-tier Laurel Run home respectively. For comparison, the same upgrade in Philadelphia could yield somewhere between $580 and $771.4.
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Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Laurel Run homeowners could yield an estimated home value increase of between $1388.07 for mid-tier homes and $1846.13 for the top tier. Compare this to between $1470 and $1955.1 in Philadelphia.
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In other words, a window upgrade in Laurel Run can add anywhere from 0.41% percent and 1.34 % percent to the value of your home by way of 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 Laurel Run homeowner is relatively clear.
The variation between the range for Laurel Run 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, particularly; the -0.25% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Scranton–Wilkes-Barre–Hazleton region, and energy price differences between Laurel Run and Philadelphia.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and extensive research executed by the NAHB. Laurel Run home value data is provided by Zillow.
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Directions from Laurel Run to our headquarters
