Value You Can Measure
Riegelsville residents have a variety excellent reasons to change their windows. Upgrading old windows, changing the style of your home etc… Many such features should be measured relatively explicitly.
For starters, windows maintain about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This sets windows among the top 5 home improvement investments in terms of value retention.
In terms of energy savings, homes in Riegelsville, will most probably notice large declines on annual bill for home energy. If you already have dual pane windows you may save about $120.58 compared to $116 in Philadelphia. Whereas, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $322.35 per annum, compared to $294 in Philadelphia.
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Grow your Riegelsville Home’s Value through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows can increase 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 ascertain : What’s the ROI on energy savings if you put your house up for sale? Here is what we found in Riegelsville:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Riegelsville, your home value could increase by between $723.46 and $1058.66 for a mid-tier or top-tier Riegelsville home respectively. Compare this to, the same replacement in Philadelphia may get you somewhere between $696 and $1018.48.
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Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Riegelsville homeowners may yield an estimated home value increase of between $1934.1 for mid-tier homes and $2830.24 for the top tier. Compare this to between $1764 and $2581.32 in Philadelphia.
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Another way to look at it, a window upgrade in Riegelsville can add anywhere from 0.27% percent and 1.06 % percent to the value of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Riegelsville homeowner is relatively clear.
The variation between the range for Riegelsville and Philadelphia, which for reference, would yield a potential premium range of 0.26% percent and 0.38% percent respectively, may come from a number of factors, notably; the 0.44% 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 Riegelsville and Philadelphia.
The data presented is derived from EnergyStar, the NREL,Department of Energy and expert research done by the National Association of Homebuilders. Riegelsville home value data is provided by Zillow.
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