Savings Category: Replacement Window Savings

Description

Value You Can Measure

Nashua residents have many valid reasons to upgrade their windows. Fixing leaky windows, improving the look and feel of your home etc… Certain such features should be measured 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 sets windows among the top 5 home improvement investments in terms of value retention.

As for energy savings, houses in Nashua, should see significant drops on annual costs for electricity. If you already have dual pane windows you may save around $175.61 compared to $172 in Concord. Whereas, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $496.19 per year, compared to $472 in Concord.

Build your Nashua Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could increase the sale price 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 uncover : What’s the premium for energy savings when it comes time to sell? Here is what we estimated in Nashua:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Nashua, your home value could increase by around $1053.63 and $1541.82 for a mid-tier or top-tier Nashua home respectively. Compare this to, the same upgrade in Concord may get you somewhere between $1032 and $1510.16.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Nashua homeowners could expect an estimated home value increase of between $2977.12 for mid-tier homes and $4356.52 for the top tier. Compare this to between $2832 and $4144.16 in Concord.

In other words, a window investment in Nashua can add anywhere from 0.34% percent and 1.4 % percent to the value 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 Nashua homeowner is relatively clear.

The variation between the range for Nashua and Concord, which for reference, would yield a potential premium range of 0.33% percent and 0.48% percent respectively, can be estimated from a number of factors, in particular; the 0.23% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Manchester-Nashua region, and energy price differences between Nashua and Concord.

The data presented is derived from EnergyStar, the NREL,Department of Energy and incredible research executed by the National Association of Homebuilders. Nashua home value data is provided by Zillow.

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