Savings Category: Replacement Window Savings

Description

Value You Can Measure

Old Orchard Beach residents have many good reasons to upgrade their windows. Fixing damaged windows, renewing the decor of your home etc… Certain such benefits can be measured rather 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 places windows among the top 5 home improvement investments in terms of value retention.

In terms of energy savings, residents of Old Orchard Beach, can expect to have large drops on weekly costs for heating & cooling. If you already have dual pane windows you may save approximately $115.54 compared to $117 in Portland. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $379.04 annually, compared to $391 in Portland.

Grow your Old Orchard Beach Home’s Value through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows could add to 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to find out : What’s the return on investment on energy savings when it comes time to sell? Below is what we uncovered in Old Orchard Beach:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Old Orchard Beach, your home value could increase by between $693.21 and $1014.4 for a mid-tier or top-tier Old Orchard Beach home respectively. Compare this to, the same upgrade in Portland could add somewhere between $702 and $1027.26.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Old Orchard Beach homeowners could yield an estimated home value increase of between $2274.23 for mid-tier homes and $3327.95 for the top tier. Compare this to between $2346 and $3432.98 in Portland.

Put differently, a window upgrade in Old Orchard Beach can add between 0.24% percent and 1.14 % percent to the value of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Old Orchard Beach homeowner is relatively clear.

The variation between the range for Old Orchard Beach and Portland, which for reference, would yield a potential premium range of 0.24% percent and 0.35% percent respectively, is derived from a number of factors, primarily; the -0.14% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Portland-South Portland region, and energy cost differences between Old Orchard Beach and Portland.

The data presented is based on EnergyStar, the NREL,Department of Energy and incredible research performed by the NAHB. Old Orchard Beach home value data is provided by Zillow.

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Need windows fast?
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The N.O.W. program delivers Old Orchard Beach inventory windows within 7 days, including application of standard extension jambs and mulling. TrustGard N.O.W. provides among the fastest turnaround times in Maine, affording you the flexibility and responsiveness you need.