Description
Value You Can Measure
Saxtons River property owners have a multitude strong reasons to replace their windows. Fixing old windows, revamping the design of your home etc… Many such benefits may be calculated quite accurately.
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 places windows among the top 5 home improvement investments in terms of value retention.
With regards to energy savings, houses in Saxtons River, will most probably experience dramatic declines on daily expenditures for home energy. If you already have dual pane windows you could save approximately $205.36 compared to $197 in Burlington. On the other hand, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $610.4 annually, compared to $553 in Burlington.
Increase your Saxtons River Home’s Asking Price through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows could 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.
In addition, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the ROI on energy savings if you put your house up for sale? This is what we found in Saxtons River:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Saxtons River, your home value could increase by between $1232.19 and $1803.1 for a mid-tier or top-tier Saxtons River home respectively. For comparison, the same replacement in Burlington could add somewhere between $1182 and $1729.66.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Saxtons River homeowners may see an estimated home value increase of between $3662.39 for mid-tier homes and $5359.29 for the top tier. Compare this to between $3318 and $4855.34 in Burlington.
Put differently, a window investment in Saxtons River can add between 0.67% percent and 2.93 % percent to the sale price of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Saxtons River homeowner is quite strong.
The variation between the range for Saxtons River and Burlington, which for reference, would yield a potential premium range of 0.65% percent and 0.95% percent respectively, is dependent on a number of factors, especially; the 0.47% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the region, and energy cost differences between Saxtons River and Burlington.
The data presented is based on EnergyStar, the NREL,Department of Energy and expert research conducted by the National Association of Homebuilders. Saxtons River home value data is provided by Zillow.
Data Sources & Disclaimers
Sources:
https://www.bls.gov/regions/
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption
https://www.energy.gov/energysaver/design/windows-doors-and-skylights/update-or-replace-windows
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption#by%20end%20uses
https://openei.org/wiki/NSTAR_Electric_Company
https://www.aceee.org/press/2018/10/aceee-2018-state-energy-efficiency
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187724.php?page_id=32&pid=NAH
http://eyeonhousing.org/2019/04/how-much-are-buyers-willing-to-pay-for-energy-efficiency/
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187731.php
https://www.remodeling.hw.net/cost-vs-value/2020/new-england/
Disclaimer: The information on our website is general in nature and is not intended as a substitute for competent legal, financial or engineering advice.
Although National Vinyl is a Member of the National Homebuilders association and TrustGard windows are the recipient of EnergyStar’s “Most Efficient”,
we wish to state clearly and unequivocally: the information provided does not consitute an endorsement by or from any third party. We make no representation as to the accuracy of the information entered by third parties.We, our directors or shareholders disclaim any liability for any damages or loss arising from your use thereof.
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Energy Savings & ROI: Saxtons River vs the rest of Vermont
Find out how investing in new windows in Saxtons River compares to other nearby Vermont cities.