Description
Value You Can Measure
Macungie residents have a variety strong reasons to upgrade their windows. Repairing old windows, refining the look and feel of your home etc… Some such values can be counted relatively accurately.
To start, windows conserve 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.
As for energy savings, homeowners in Macungie, should notice considerable decreases on annual bill for energy. If you already have dual pane windows you could save approximately $117 compared to $116 in Philadelphia. Whereas, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $300.2 annually, compared to $294 in Philadelphia.
Grow your Macungie Home’s Asking Price through Energy Savings
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Replacing 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 return on energy savings when it comes time to sell? This is what we estimated in Macungie:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Macungie, your home value could increase by around $702 and $1027.26 for a mid-tier or top-tier Macungie home respectively. For comparison, the same replacement in Philadelphia could add somewhere between $696 and $1018.48.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Macungie homeowners could yield an estimated home value gain of between $1801.18 for mid-tier homes and $2635.72 for the top tier. Compare this to between $1764 and $2581.32 in Philadelphia.
Put differently, a window upgrade in Macungie can add anywhere from 0.35% percent and 1.3 % percent to the asking price of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Macungie homeowner is quite clear.
The variation between the range for Macungie and Philadelphia, which for reference, would yield a potential premium range of 0.34% percent and 0.5% percent respectively, may come from a number of factors, in particular; the 0.1% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Allentown-Bethlehem-Easton region, and energy price differences between Macungie and Philadelphia.
The data presented is based on EnergyStar, the NREL,Department of Energy and professional research performed by the NAHB. Macungie 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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