Description
Value You Can Measure
Swanton residents have plenty great reasons to change their windows. Repairing old windows, improving the style of your home etc… Some such values should be measured quite explicitly.
To start, windows maintain 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.
As for energy savings, households located in Swanton, can expect to see significant reductions on annual expenditures for heating & cooling. If you already have dual pane windows you could save around $203.42 compared to $197 in Burlington. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $597.03 per year, compared to $553 in Burlington.
Grow your Swanton Home’s Resale Price through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows can increase the sale 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.
In addition, 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 sell your home? Below is what we discovered in Swanton:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Swanton, your home value could increase by between $1220.5 and $1786 for a mid-tier or top-tier Swanton home respectively. Compare this to, the same upgrade 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. Swanton homeowners may yield an estimated home value gain of between $3582.2 for mid-tier homes and $5241.96 for the top tier. Compare this to between $3318 and $4855.34 in Burlington.
Another way to look at it, a window investment in Swanton can add between 0.55% percent and 2.38 % percent to the sale price of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Swanton homeowner is quite strong.
The variation between the range for Swanton and Burlington, which for reference, would yield a potential premium range of 0.54% percent and 0.78% percent respectively, can be estimated from a number of factors, principally; the 0.36% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Burlington-South Burlington region, and energy price differences between Swanton and Burlington.
The data presented is based on EnergyStar, the NREL,Department of Energy and extensive research conducted by the National Association of Homebuilders. Swanton 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: Swanton vs the rest of Vermont
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