Description
Value You Can Measure
Stockertown property owners have countless excellent reasons to change their windows. Upgrading leaky windows, changing the style of your home etc… Some such benefits should be calculated quite accurately.
To begin with, 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.
In terms of energy savings, houses in Stockertown, are likely to have significant savings on daily spending for home energy. If you already have dual pane windows you could save about $117.11 compared to $116 in Philadelphia. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $300.85 annually, compared to $294 in Philadelphia.
Grow your Stockertown Home’s Resale Price through Energy Savings
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Switching your windows to EnergyStar rated National Vinyl windows may 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.
Moreover, many buyers are willing to pay a premium for energy savings. Here we try to determine : What’s the ROI on energy savings when it comes time to sell? What follows is what we discovered in Stockertown:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Stockertown, your home value could increase by between $702.63 and $1028.18 for a mid-tier or top-tier Stockertown home respectively. Compare this to, the same replacement in Philadelphia could add somewhere between $696 and $1018.48.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Stockertown homeowners could see an estimated home value increase of between $1805.08 for mid-tier homes and $2641.44 for the top tier. Compare this to between $1764 and $2581.32 in Philadelphia.
In other words, a window investment in Stockertown can add between 0.34% percent and 1.29 % 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 upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Stockertown homeowner is relatively strong.
The variation between the range for Stockertown and Philadelphia, which for reference, would yield a potential premium range of 0.34% percent and 0.5% percent respectively, may come from a number of factors, particularly; the 0.11% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Allentown-Bethlehem-Easton region, and energy price differences between Stockertown and Philadelphia.
The data presented is derived from EnergyStar, the NREL,Department of Energy and expert research executed by the National Association of Homebuilders. Stockertown 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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