Description
Value You Can Measure
Lyndonville property owners have plenty valid reasons to replace their windows. Repairing damaged windows, renewing the decor of your home etc… Other such values may be counted relatively accurately.
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.
As for energy savings, homeowners in Lyndonville, may notice considerable decreases on weekly expenditures for heating & cooling. If you already have dual pane windows you could save around $207.86 compared to $197 in Burlington. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $627.51 per annum, compared to $553 in Burlington.
Increase your Lyndonville Home’s Value through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows can 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 estimate : What’s the ROI on energy savings if you put your house up for sale? Below is what we discovered in Lyndonville:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Lyndonville, your home value could increase by around $1039.3 and $1382.26 for a mid-tier or top-tier Lyndonville home respectively. For comparison, the same replacement in Burlington may get you somewhere between $985 and $1310.05.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Lyndonville homeowners could see an estimated home value gain of between $3137.57 for mid-tier homes and $4172.97 for the top tier. Compare this to between $2765 and $3677.45 in Burlington.
Another way to look at it, a window upgrade in Lyndonville can add anywhere from 0.78% percent and 3.11 % 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Lyndonville homeowner is quite strong.
The variation between the range for Lyndonville and Burlington, which for reference, would yield a potential premium range of 0.73% percent and 0.98% percent respectively, is dependent on a number of factors, especially; the 0.61% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the region, and energy price differences between Lyndonville and Burlington.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and meticulous research conducted by the National Association of Homebuilders. Lyndonville 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: Lyndonville vs the rest of Vermont
Find out how investing in new windows in Lyndonville compares to other nearby Vermont cities.