Description
Value You Can Measure
New Hampton homeowners have a whole host strong reasons to replace their windows. Updating old windows, changing the decor of your home etc… Certain such benefits should be quantified relatively accurately.
Firstly, windows conserve 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, households located in New Hampton, are likely to experience significant drops on weekly spending for electricity. If you already have dual pane windows you may save about $172.14 compared to $172 in Concord. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $472.96 per annum, compared to $472 in Concord.
Increase your New Hampton Home’s Asking Price through Energy Savings
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Replacing 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.
In addition, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the return on energy savings when selling the house? Below is what we found in New Hampton:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in New Hampton, your home value could increase by around $1032.86 and $1511.42 for a mid-tier or top-tier New Hampton home respectively. For comparison, the same replacement in Concord could add somewhere between $1032 and $1510.16.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. New Hampton homeowners may yield an estimated home value gain of between $2837.79 for mid-tier homes and $4152.63 for the top tier. Compare this to between $2832 and $4144.16 in Concord.
In other words, a window upgrade in New Hampton can add anywhere from 0.41% percent and 1.63 % percent to the asking price of your home by way of 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 New Hampton homeowner is quite clear.
The variation between the range for New Hampton and Concord, which for reference, would yield a potential premium range of 0.4% percent and 0.59% percent respectively, can be estimated from a number of factors, in particular; the 0.01% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Laconia region, and energy cost differences between New Hampton and Concord.
The data presented is derived from EnergyStar, the NREL,Department of Energy and meticulous research performed by the NAHB. New Hampton 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: New Hampton vs the rest of New Hampshire
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