Savings Category: Replacement Window Savings

Description

Value You Can Measure

Lisbon Falls residents have countless valid reasons to replace their windows. Replacing damaged windows, improving the design of your home etc… Some such benefits should be measured rather clearly.

For starters, windows retain 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.

With regards to energy savings, households located in Lisbon Falls, may experience impressive declines on daily bill for electricity. If you already have dual pane windows you may save about $111.98 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 $350.01 per annum, compared to $391 in Portland.

Increase your Lisbon Falls Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could 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 figure out : What’s the return on energy savings if you sell your home? The following is what we uncovered in Lisbon Falls:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Lisbon Falls, your home value could increase by around $671.9 and $983.21 for a mid-tier or top-tier Lisbon Falls home respectively. Compare this to, the same upgrade in Portland may get you somewhere between $702 and $1027.26.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Lisbon Falls homeowners could expect an estimated home value increase of between $2100.09 for mid-tier homes and $3073.13 for the top tier. Compare this to between $2346 and $3432.98 in Portland.

In other words, a window upgrade in Lisbon Falls can add anywhere from 0.38% percent and 1.74 % percent to the asking price 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 upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Lisbon Falls homeowner is quite strong.

The variation between the range for Lisbon Falls and Portland, which for reference, would yield a potential premium range of 0.4% percent and 0.58% percent respectively, is derived from a number of factors, especially; the -0.48% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Lewiston-Auburn region, and heating & cooling cost differences between Lisbon Falls and Portland.

The data presented is based on EnergyStar, the NREL,Department of Energy and professional research executed by the National Association of Homebuilders. Lisbon Falls home value data is provided by Zillow.

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The N.O.W. program delivers Lisbon Falls 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.