Savings Category: Replacement Window Savings

Description

Value You Can Measure

Malden property owners have many valid reasons to replace their windows. Fixing old windows, renewing the aesthetics of your home etc… Certain such values may be counted quite precisely.

To begin with, 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, houses in Malden, are likely to see major drops on daily expenditures for electricity. If you already have dual pane windows you may save about $111.73 compared to $114 in Boston. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $327.23 per year, compared to $344 in Boston.

Increase your Malden Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may add to 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to determine : What’s the ROI on energy savings when it comes time to sell? What follows is what we discovered in Malden:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Malden, your home value could increase by between $670.36 and $980.96 for a mid-tier or top-tier Malden home respectively. Compare this to, the same replacement in Boston could add somewhere between $684 and $1000.92.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Malden homeowners could yield an estimated home value gain of between $1963.4 for mid-tier homes and $2873.11 for the top tier. Compare this to between $2064 and $3020.32 in Boston.

Another way to look at it, a window upgrade in Malden can add anywhere from 0.14% percent and 0.58 % percent to the sale price 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 Malden homeowner is relatively clear.

The variation between the range for Malden and Boston, which for reference, would yield a potential premium range of 0.14% percent and 0.2% percent respectively, may come from a number of factors, primarily; the -0.22% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Boston-Cambridge-Newton region, and energy price differences between Malden and Boston.

The data presented is based on EnergyStar, the NREL,Department of Energy and meticulous research done by the National Association of Homebuilders. Malden home value data is provided by Zillow.

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