Savings Category: Replacement Window Savings

Description

Value You Can Measure

Saco residents have a whole host strong reasons to change their windows. Replacing old windows, renewing the design of your home etc… Some such values should be counted quite accurately.

To begin with, windows retain 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, houses in Saco, can expect to have dramatic reductions on annual expenditures for electricity. If you already have dual pane windows you may save approximately $115.8 compared to $117 in Portland. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $381.19 per year, compared to $391 in Portland.

Improve your Saco Home’s Resale Price through Energy Savings

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Upgrading 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 answer the question : What’s the premium for energy savings if you sell your home? This is what we found in Saco:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Saco, your home value could increase by between $694.8 and $1016.72 for a mid-tier or top-tier Saco home respectively. Compare this to, the same replacement in Portland may get you somewhere between $702 and $1027.26.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Saco homeowners may expect an estimated home value gain of between $2287.15 for mid-tier homes and $3346.86 for the top tier. Compare this to between $2346 and $3432.98 in Portland.

Put differently, a window investment in Saco can add between 0.23% percent and 1.12 % percent to the asking price of your home via 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 Saco homeowner is relatively strong.

The variation between the range for Saco and Portland, which for reference, would yield a potential premium range of 0.23% percent and 0.34% percent respectively, can be estimated from a number of factors, primarily; the -0.11% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Portland-South Portland region, and heating & cooling price differences between Saco and Portland.

The data presented is derived from EnergyStar, the NREL,Department of Energy and meticulous research executed by the NAHB. Saco home value data is provided by Zillow.

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