Value You Can Measure
Lisbon residents have a whole host good reasons to change their windows. Fixing leaky windows, improving the decor of your home etc… Some such benefits should be calculated rather precisely.
To start, 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, people living in Lisbon, could experience important decreases on annual bill for home energy. If you already have dual pane windows you could save around $165.9 compared to $172 in Concord. Whereas, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $431.05 every year, compared to $472 in Concord.
Build your Lisbon Home’s Asking Price through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows may add to 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 find out : What’s the ROI on energy savings on the market? Below is what we estimated in Lisbon:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Lisbon, your home value could increase by between $995.38 and $1456.57 for a mid-tier or top-tier Lisbon home respectively. Compare this to, the same upgrade in Concord could yield somewhere between $1032 and $1510.16.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Lisbon homeowners may expect an estimated home value gain of between $2586.32 for mid-tier homes and $3784.65 for the top tier. Compare this to between $2832 and $4144.16 in Concord.
Put differently, a window upgrade in Lisbon can add between 0.65% percent and 2.47 % percent to the asking price of your home through the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Lisbon homeowner is quite strong.
The variation between the range for Lisbon and Concord, which for reference, would yield a potential premium range of 0.67% percent and 0.99% percent respectively, may come from a number of factors, principally; the -0.39% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Claremont-Lebanon region, and energy cost differences between Lisbon and Concord.
The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research done by the NAHB. Lisbon home value data is provided by Zillow.
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