Savings Category: Replacement Window Savings

Description

Value You Can Measure

Topsham residents have a multitude strong reasons to replace their windows. Upgrading old windows, improving the style of your home etc… Some such benefits may be quantified rather exactly.

To start, windows retain about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This puts windows among the top 5 home improvement investments in terms of value retention.

As for energy savings, homes in Topsham, could see large reductions on monthly expenditures for electricity. If you already have dual pane windows you may save around $114.55 compared to $117 in Portland. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $370.99 every year, compared to $391 in Portland.

Build your Topsham Home’s Value through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows can 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 figure out : What’s the return on investment on energy savings when it comes time to sell? Below is what we found in Topsham:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Topsham, your home value could increase by around $687.3 and $1005.75 for a mid-tier or top-tier Topsham home respectively. For comparison, the same replacement in Portland could yield somewhere between $702 and $1027.26.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Topsham homeowners may yield an estimated home value increase of between $2225.92 for mid-tier homes and $3257.26 for the top tier. Compare this to between $2346 and $3432.98 in Portland.

In other words, a window upgrade in Topsham can add anywhere from 0.27% percent and 1.26 % 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 initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Topsham homeowner is quite strong.

The variation between the range for Topsham and Portland, which for reference, would yield a potential premium range of 0.27% percent and 0.4% percent respectively, can be estimated from a number of factors, primarily; the -0.23% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Portland-South Portland region, and energy cost differences between Topsham and Portland.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and extensive research done by the NAHB. Topsham home value data is provided by Zillow.

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