Value You Can Measure
Manville residents have countless good reasons to change their windows. Repairing leaky windows, renewing the decor of your home etc… Some such features can be measured quite clearly.
For starters, windows conserve 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, households located in Manville, should have impressive savings on weekly bill for home energy. If you already have dual pane windows you could save approximately $112.4 compared to $100 in Atlantic City. Whereas, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $357.07 annually, compared to $274 in Atlantic City.
Grow your Manville Home’s Value through Energy Savings
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Switching 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.
In addition, many buyers are willing to pay a premium for energy savings. Here we try to ascertain : What’s the return on investment on energy savings when it comes time to sell? This is what we uncovered in Manville:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Manville, your home value could increase by around $674.42 and $986.9 for a mid-tier or top-tier Manville home respectively. Compare this to, the same replacement in Atlantic City could yield somewhere between $600 and $878.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Manville homeowners could yield an estimated home value gain of between $2142.45 for mid-tier homes and $3135.11 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.
In other words, a window investment in Manville can add between 0.25% percent and 1.15 % 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Manville homeowner is quite clear.
The variation between the range for Manville and Atlantic City, which for reference, would yield a potential premium range of 0.22% percent and 0.32% percent respectively, can be estimated from a number of factors, primarily; the 1.38% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and heating & cooling cost differences between Manville and Atlantic City.
The data presented is based on EnergyStar, the NREL,Department of Energy and professional research performed by the NAHB. Manville home value data is provided by Zillow.
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