Description
Value You Can Measure
South Burlington homeowners have a multitude good reasons to change their windows. Fixing damaged windows, renewing the aesthetics of your home etc… Some such benefits may be calculated rather clearly.
Firstly, windows preserve 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.
With regards to energy savings, people living in South Burlington, could have impressive savings on monthly costs for home energy. If you already have dual pane windows you may save approximately $198.57 compared to $197 in Burlington. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $563.77 per annum, compared to $553 in Burlington.
Build your South Burlington Home’s Resale Price through Energy Savings
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Switching your windows to EnergyStar rated National Vinyl windows could add to 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.
Moreover, many buyers are willing to pay a premium for energy savings. Here we try to ascertain : What’s the return on energy savings if you put your house up for sale? Here is what we found in South Burlington:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in South Burlington, your home value could increase by around $1191.41 and $1743.44 for a mid-tier or top-tier South Burlington home respectively. For comparison, the same replacement in Burlington may get you somewhere between $1182 and $1729.66.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. South Burlington homeowners may yield an estimated home value gain of between $3382.6 for mid-tier homes and $4949.87 for the top tier. Compare this to between $3318 and $4855.34 in Burlington.
Put differently, a window investment in South Burlington can add anywhere from 0.38% percent and 1.57 % percent to the asking 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 South Burlington homeowner is quite clear.
The variation between the range for South Burlington and Burlington, which for reference, would yield a potential premium range of 0.37% percent and 0.55% percent respectively, can be estimated from a number of factors, primarily; the 0.09% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Burlington-South Burlington region, and energy price differences between South Burlington and Burlington.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and professional research conducted by the National Association of Homebuilders. South Burlington 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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