Value You Can Measure
Moscow homeowners have a variety excellent reasons to replace their windows. Upgrading broken windows, improving the look and feel of your home etc… Certain such benefits can be counted relatively exactly.
For starters, windows preserve about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This sets windows among the top 5 home improvement investments in terms of value retention.
As for energy savings, homes in Moscow, are likely to see major reductions on daily spending for home energy. If you already have dual pane windows you may save around $118.37 compared to $116 in Philadelphia. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $308.69 per year, compared to $294 in Philadelphia.
Grow your Moscow Home’s Asking Price through Energy Savings
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Switching your windows to EnergyStar rated National Vinyl windows could 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.
Moreover, 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 if you put your house up for sale? The following is what we uncovered in Moscow:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Moscow, your home value could increase by between $710.22 and $1039.29 for a mid-tier or top-tier Moscow home respectively. Compare this to, 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. Moscow homeowners could see an estimated home value increase of between $1852.12 for mid-tier homes and $2710.27 for the top tier. Compare this to between $1764 and $2581.32 in Philadelphia.
In other words, a window investment in Moscow can add between 0.31% percent and 1.19 % 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 upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Moscow homeowner is relatively clear.
The variation between the range for Moscow and Philadelphia, which for reference, would yield a potential premium range of 0.31% percent and 0.45% percent respectively, is dependent on a number of factors, especially; the 0.23% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Scranton–Wilkes-Barre–Hazleton region, and energy cost differences between Moscow and Philadelphia.
The data presented is derived from EnergyStar, the NREL,Department of Energy and meticulous research executed by the NAHB. Moscow home value data is provided by Zillow.
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