Savings Category: Replacement Window Savings

Description

Value You Can Measure

Reading residents have countless good reasons to replace their windows. Updating broken windows, revamping the look and feel of your home etc… Certain such values may be counted relatively exactly.

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 places windows among the top 5 home improvement investments in terms of value retention.

In terms of energy savings, people living in Reading, should have important drops on monthly costs for energy. If you already have dual pane windows you could save approximately $113.88 compared to $114 in Boston. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $343.13 per annum, compared to $344 in Boston.

Build your Reading Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can increase 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to estimate : What’s the return on investment on energy savings if you sell your home? This is what we found in Reading:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Reading, your home value could increase by between $1202.59 and $1677.02 for a mid-tier or top-tier Reading home respectively. Compare this to, the same upgrade in Boston could add somewhere between $1203.84 and $1678.76.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Reading homeowners may yield an estimated home value increase of between $3623.43 for mid-tier homes and $5052.9 for the top tier. Compare this to between $3632.64 and $5065.74 in Boston.

In other words, a window investment in Reading can add anywhere from 0.19% percent and 0.8 % percent to the value 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 Reading homeowner is relatively clear.

The variation between the range for Reading and Boston, which for reference, would yield a potential premium range of 0.19% percent and 0.27% percent respectively, can be estimated from a number of factors, notably; the -0.01% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Boston-Cambridge-Newton region, and heating & cooling cost differences between Reading and Boston.

The data presented is based on EnergyStar, the NREL,Department of Energy and expert research executed by the NAHB. Reading home value data is provided by Zillow.