Savings Category: Replacement Window Savings

Description

Value You Can Measure

Portsmouth property owners have many valid reasons to replace their windows. Repairing leaky windows, renewing the design of your home etc… Many such features can be counted rather precisely.

First of all, windows conserve about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This puts windows among the top 5 home improvement investments in terms of value retention.

With regards to energy savings, households located in Portsmouth, can expect to have dramatic decreases on weekly costs for energy. If you already have dual pane windows you could save about $185.34 compared to $172 in Concord. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $561.48 every year, compared to $472 in Concord.

Improve your Portsmouth Home’s Asking Price through Energy Savings

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Switching 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.

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 when it comes time to sell? Here is what we found in Portsmouth:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Portsmouth, your home value could increase by between $1112.04 and $1627.28 for a mid-tier or top-tier Portsmouth home respectively. For comparison, the same replacement 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. Portsmouth homeowners could yield an estimated home value increase of between $3368.91 for mid-tier homes and $4929.83 for the top tier. Compare this to between $2832 and $4144.16 in Concord.

Another way to look at it, a window investment in Portsmouth can add anywhere from 0.24% percent and 1.05 % percent to the sale price of your home via the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Portsmouth homeowner is relatively strong.

The variation between the range for Portsmouth and Concord, which for reference, would yield a potential premium range of 0.22% percent and 0.32% percent respectively, is dependent on a number of factors, particularly; the 0.86% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Boston-Cambridge-Newton region, and energy cost differences between Portsmouth and Concord.

The data presented is based on EnergyStar, the NREL,Department of Energy and meticulous research done by the National Association of Homebuilders. Portsmouth home value data is provided by Zillow.

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