Description
Value You Can Measure
Mount Pocono residents have many excellent reasons to replace their windows. Replacing broken windows, revamping the aesthetics of your home etc… Many such features can be quantified quite precisely.
To begin with, 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.
With regards to energy savings, people living in Mount Pocono, should see impressive decreases on weekly costs for electricity. If you already have dual pane windows you could save around $114.33 compared to $116 in Philadelphia. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $283.64 annually, compared to $294 in Philadelphia.
Build your Mount Pocono Home’s Value through Energy Savings
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Upgrading 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 determine : What’s the premium for energy savings if you sell your home? The following is what we found in Mount Pocono:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Mount Pocono, your home value could increase by between $685.96 and $1003.79 for a mid-tier or top-tier Mount Pocono home respectively. For comparison, the same upgrade in Philadelphia could yield somewhere between $696 and $1018.48.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Mount Pocono homeowners may expect an estimated home value gain of between $1701.82 for mid-tier homes and $2490.33 for the top tier. Compare this to between $1764 and $2581.32 in Philadelphia.
Another way to look at it, a window investment in Mount Pocono can add anywhere from 0.44% percent and 1.6 % percent to the asking price of your home via 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 Mount Pocono homeowner is quite strong.
The variation between the range for Mount Pocono and Philadelphia, which for reference, would yield a potential premium range of 0.45% percent and 0.66% percent respectively, is derived from a number of factors, notably; the -0.16% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the East Stroudsburg region, and energy price differences between Mount Pocono and Philadelphia.
The data presented is based on EnergyStar, the NREL,Department of Energy and meticulous research performed by the NAHB. Mount Pocono 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: Mount Pocono vs the rest of Pennsylvania
Find out how investing in new windows in Mount Pocono compares to other nearby Pennsylvania cities.