Description
Value You Can Measure
Tatamy property owners have many great reasons to upgrade their windows. Replacing damaged windows, revamping the aesthetics of your home etc… Other such benefits should be quantified quite 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, residents of Tatamy, may have impressive reductions on weekly expenditures for heating & cooling. If you already have dual pane windows you may save around $117.79 compared to $116 in Philadelphia. On the other hand, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $305.12 every year, compared to $294 in Philadelphia.
Improve your Tatamy Home’s Resale Price through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows can increase 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 estimate : What’s the ROI on energy savings when it comes time to sell? The following is what we estimated in Tatamy:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Tatamy, your home value could increase by between $706.77 and $1034.23 for a mid-tier or top-tier Tatamy home respectively. For comparison, the same replacement in Philadelphia may get you somewhere between $696 and $1018.48.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Tatamy homeowners may expect an estimated home value gain of between $1830.7 for mid-tier homes and $2678.93 for the top tier. Compare this to between $1764 and $2581.32 in Philadelphia.
Another way to look at it, a window investment in Tatamy can add between 0.33% percent and 1.24 % percent to the value of your home via 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 Tatamy homeowner is relatively clear.
The variation between the range for Tatamy and Philadelphia, which for reference, would yield a potential premium range of 0.32% percent and 0.47% percent respectively, can be estimated from a number of factors, especially; the 0.17% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Allentown-Bethlehem-Easton region, and energy price differences between Tatamy and Philadelphia.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and extensive research performed by the NAHB. Tatamy 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: Tatamy vs the rest of Pennsylvania
Find out how investing in new windows in Tatamy compares to other nearby Pennsylvania cities.