Value You Can Measure
Mountainhome residents have many good reasons to change their windows. Replacing leaky windows, revamping the design of your home etc… Certain such features should be counted relatively clearly.
To begin with, windows preserve 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, residents of Mountainhome, can expect to notice considerable reductions on monthly expenditures for home energy. If you already have dual pane windows you may save around $114.67 compared to $116 in Philadelphia. In contrast, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $285.76 every year, compared to $294 in Philadelphia.
Grow your Mountainhome Home’s Resale Price through Energy Savings
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Switching your windows to EnergyStar rated National Vinyl windows may 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 answer the question : What’s the return on investment on energy savings when selling the house? What follows is what we uncovered in Mountainhome:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Mountainhome, your home value could increase by around $688.02 and $1006.8 for a mid-tier or top-tier Mountainhome home respectively. For comparison, the same replacement in Philadelphia may get you somewhere between $696 and $1018.48.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Mountainhome homeowners could yield an estimated home value gain of between $1714.55 for mid-tier homes and $2508.95 for the top tier. Compare this to between $1764 and $2581.32 in Philadelphia.
Put differently, a window upgrade in Mountainhome can add between 0.43% percent and 1.55 % percent to the value of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Mountainhome homeowner is quite clear.
The variation between the range for Mountainhome and Philadelphia, which for reference, would yield a potential premium range of 0.43% percent and 0.63% percent respectively, can be estimated from a number of factors, primarily; the -0.13% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the East Stroudsburg region, and heating & cooling price differences between Mountainhome and Philadelphia.
The data presented is based on EnergyStar, the NREL,Department of Energy and professional research executed by the NAHB. Mountainhome home value data is provided by Zillow.
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