Description
Value You Can Measure
Pen Argyl homeowners have a whole host good reasons to replace their windows. Fixing old windows, revamping the decor of your home etc… Many such features should be counted relatively precisely.
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, homes in Pen Argyl, are likely to notice considerable drops on daily expenditures for heating & cooling. If you already have dual pane windows you could save about $115.67 compared to $116 in Philadelphia. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $291.98 every year, compared to $294 in Philadelphia.
Increase your Pen Argyl Home’s Value through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows may increase the asking 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 answer the question : What’s the premium for energy savings if you put your house up for sale? This is what we estimated in Pen Argyl:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Pen Argyl, your home value could increase by around $694.04 and $1015.62 for a mid-tier or top-tier Pen Argyl home respectively. Compare this to, the same replacement in Philadelphia could add somewhere between $696 and $1018.48.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Pen Argyl homeowners could expect an estimated home value increase of between $1751.88 for mid-tier homes and $2563.58 for the top tier. Compare this to between $1764 and $2581.32 in Philadelphia.
In other words, a window upgrade in Pen Argyl can add anywhere from 0.39% percent and 1.43 % percent to the value of your home through the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Pen Argyl homeowner is relatively clear.
The variation between the range for Pen Argyl and Philadelphia, which for reference, would yield a potential premium range of 0.39% percent and 0.57% percent respectively, may come from a number of factors, notably; the -0.03% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Allentown-Bethlehem-Easton region, and heating & cooling price differences between Pen Argyl and Philadelphia.
The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research conducted by the National Association of Homebuilders. Pen Argyl 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: Pen Argyl vs the rest of Pennsylvania
Find out how investing in new windows in Pen Argyl compares to other nearby Pennsylvania cities.