Value You Can Measure
Plymouth Meeting homeowners have many great reasons to change their windows. Upgrading broken windows, refining the look and feel of your home etc… Other such features can be counted relatively accurately.
For starters, windows retain 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.
As for energy savings, residents of Plymouth Meeting, could see impressive reductions on annual expenditures for energy. If you already have dual pane windows you may save approximately $126.08 compared to $116 in Philadelphia. In contrast, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $356.44 per year, compared to $294 in Philadelphia.
Grow your Plymouth Meeting Home’s Asking Price through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows could 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.
In addition, many buyers are willing to pay a premium for energy savings. Here we try to uncover : What’s the ROI on energy savings when it comes time to sell? What follows is what we uncovered in Plymouth Meeting:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Plymouth Meeting, your home value could increase by between $756.47 and $1106.97 for a mid-tier or top-tier Plymouth Meeting home respectively. For comparison, the same upgrade in Philadelphia could yield somewhere between $696 and $1018.48.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Plymouth Meeting homeowners could see an estimated home value increase of between $2138.63 for mid-tier homes and $3129.53 for the top tier. Compare this to between $1764 and $2581.32 in Philadelphia.
Another way to look at it, a window upgrade in Plymouth Meeting can add between 0.21% percent and 0.86 % percent to the value of your home through 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 Plymouth Meeting homeowner is quite strong.
The variation between the range for Plymouth Meeting and Philadelphia, which for reference, would yield a potential premium range of 0.19% percent and 0.28% percent respectively, is derived from a number of factors, primarily; the 0.97% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Philadelphia-Camden-Wilmington region, and heating & cooling price differences between Plymouth Meeting and Philadelphia.
The data presented is derived from EnergyStar, the NREL,Department of Energy and meticulous research conducted by the National Association of Homebuilders. Plymouth Meeting home value data is provided by Zillow.
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