Value You Can Measure
Nanticoke property owners have plenty great reasons to upgrade their windows. Upgrading broken windows, changing the look and feel of your home etc… Other such benefits may be quantified quite exactly.
Firstly, 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.
In terms of energy savings, homes in Nanticoke, may experience important decreases on weekly expenditures for electricity. If you already have dual pane windows you may save about $109.47 compared to $116 in Philadelphia. In contrast, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $253.55 every year, compared to $294 in Philadelphia.
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Build your Nanticoke Home’s Value through Energy Savings
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Switching 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 uncover : What’s the premium for energy savings when selling the house? This is what we discovered in Nanticoke:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Nanticoke, your home value could increase by around $547.35 and $727.98 for a mid-tier or top-tier Nanticoke home respectively. Compare this to, the same upgrade in Philadelphia may get you somewhere between $580 and $771.4.
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Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Nanticoke homeowners may see an estimated home value gain of between $1267.73 for mid-tier homes and $1686.08 for the top tier. Compare this to between $1470 and $1955.1 in Philadelphia.
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Put differently, a window upgrade in Nanticoke can add between 0.79% percent and 2.43 % 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Nanticoke homeowner is relatively strong.
The variation between the range for Nanticoke and Philadelphia, which for reference, would yield a potential premium range of 0.84% percent and 1.11% percent respectively, is dependent on a number of factors, principally; the -0.63% 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 price differences between Nanticoke and Philadelphia.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and extensive research done by the NAHB. Nanticoke home value data is provided by Zillow.
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Directions from Nanticoke to our headquarters
