Savings Category: Replacement Window Savings

Description

Value You Can Measure

Sanford residents have plenty great reasons to replace their windows. Fixing old windows, changing the design of your home etc… Many such benefits can be counted quite accurately.

To start, 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, people living in Sanford, are likely to have large decreases on daily costs for energy. If you already have dual pane windows you may save around $112.93 compared to $117 in Portland. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $357.75 per annum, compared to $391 in Portland.

Increase your Sanford Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can 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 figure out : What’s the return on investment on energy savings when it comes time to sell? The following is what we estimated in Sanford:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Sanford, your home value could increase by around $677.58 and $991.52 for a mid-tier or top-tier Sanford home respectively. For comparison, the same upgrade 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. Sanford homeowners may yield an estimated home value increase of between $2146.48 for mid-tier homes and $3141.02 for the top tier. Compare this to between $2346 and $3432.98 in Portland.

Another way to look at it, a window investment in Sanford can add anywhere from 0.33% percent and 1.52 % percent to the sale price of your home through 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 Sanford homeowner is quite clear.

The variation between the range for Sanford and Portland, which for reference, would yield a potential premium range of 0.34% percent and 0.5% percent respectively, can be estimated from a number of factors, especially; the -0.39% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Portland-South Portland region, and energy price differences between Sanford and Portland.

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

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