Value You Can Measure
South Deerfield homeowners have plenty good reasons to change their windows. Fixing leaky windows, revamping the decor of your home etc… Certain such values can be quantified quite accurately.
First of all, 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.
In terms of energy savings, residents of South Deerfield, will most probably see significant decreases on weekly bill for home energy. If you already have dual pane windows you could save about $108.29 compared to $114 in Boston. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $301.85 per year, compared to $344 in Boston.
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Improve your South Deerfield Home’s Value through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows can add to 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 figure out : What’s the return on energy savings if you sell your home? Here is what we found in South Deerfield:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in South Deerfield, your home value could increase by around $649.71 and $950.75 for a mid-tier or top-tier South Deerfield home respectively. Compare this to, the same upgrade in Boston could add somewhere between $684 and $1000.92.
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Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. South Deerfield homeowners may expect an estimated home value increase of between $1811.1 for mid-tier homes and $2650.24 for the top tier. Compare this to between $2064 and $3020.32 in Boston.
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Another way to look at it, a window upgrade in South Deerfield can add anywhere from 0.23% percent and 0.94 % 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a South Deerfield homeowner is quite strong.
The variation between the range for South Deerfield and Boston, which for reference, would yield a potential premium range of 0.24% percent and 0.36% percent respectively, is dependent on a number of factors, notably; the -0.56% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Greenfield Town region, and energy cost differences between South Deerfield and Boston.
The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research conducted by the National Association of Homebuilders. South Deerfield home value data is provided by Zillow.
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