Value You Can Measure
Suncook residents have a variety good reasons to change their windows. Replacing damaged windows, revamping the look and feel of your home etc… Certain such features may be quantified relatively explicitly.
Firstly, windows conserve 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, homes in Suncook, are likely to have dramatic decreases on monthly spending for heating & cooling. If you already have dual pane windows you may save about $170.78 compared to $172 in Concord. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $463.82 annually, compared to $472 in Concord.
Increase your Suncook Home’s Value through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows can 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 uncover : What’s the premium for energy savings on the market? Below is what we estimated in Suncook:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Suncook, your home value could increase by around $1024.68 and $1499.45 for a mid-tier or top-tier Suncook home respectively. For comparison, the same replacement in Concord may get you somewhere between $1032 and $1510.16.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Suncook homeowners could expect an estimated home value gain of between $2782.92 for mid-tier homes and $4072.34 for the top tier. Compare this to between $2832 and $4144.16 in Concord.
Put differently, a window investment in Suncook can add anywhere from 0.44% percent and 1.75 % percent to the asking price of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Suncook homeowner is relatively clear.
The variation between the range for Suncook and Concord, which for reference, would yield a potential premium range of 0.44% percent and 0.65% percent respectively, can be estimated from a number of factors, principally; the -0.08% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Concord region, and heating & cooling cost differences between Suncook and Concord.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and extensive research executed by the NAHB. Suncook home value data is provided by Zillow.
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