Description
Value You Can Measure
Troy homeowners have a multitude excellent reasons to upgrade their windows. Fixing damaged windows, renewing the look and feel of your home etc… Many such features may be calculated quite precisely.
To begin with, windows conserve 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 Troy, will most probably notice large drops on monthly spending for heating & cooling. If you already have dual pane windows you could save about $205.98 compared to $197 in Burlington. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $614.59 per year, compared to $553 in Burlington.
Improve your Troy Home’s Resale Price through Energy Savings
[lme-module module=”market-stats” city=”Troy” state=”VT”]
Upgrading your windows to EnergyStar rated National Vinyl windows may 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.
Moreover, many buyers are willing to pay a premium for energy savings. Here we try to figure out : What’s the ROI on energy savings if you put your house up for sale? Below is what we uncovered in Troy:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Troy, your home value could increase by between $1235.85 and $1808.46 for a mid-tier or top-tier Troy home respectively. For comparison, 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. Troy homeowners could yield an estimated home value increase of between $3687.52 for mid-tier homes and $5396.07 for the top tier. Compare this to between $3318 and $4855.34 in Burlington.
Put differently, a window upgrade in Troy can add anywhere from 0.72% percent and 3.16 % percent to the value of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Troy homeowner is relatively strong.
The variation between the range for Troy and Burlington, which for reference, would yield a potential premium range of 0.69% percent and 1.01% percent respectively, can be estimated from a number of factors, in particular; the 0.51% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the region, and heating & cooling price differences between Troy and Burlington.
The data presented is based on EnergyStar, the NREL,Department of Energy and professional research conducted by the NAHB. Troy 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.
[lme-module module=”market-activity” city=”Troy” state=”VT”]
Directions from Troy to our headquarters
Window Installers Near Troy:
State Licensed
Background Checked
Verified Reviews
Liability Insurance
Top Installers Near Troy
More Installers Near Troy
Search for Troy Window Installers
Looking For A Price Quote? Get One Now!
Use our configurator for an instant online estimate and schedule a free in-home consultation.
1
Request a Quote
2
In-Home Consult (FREE)
3
Windows Installed
Lumberyards Near Troy
Top Lumberyards Near Troy
More Lumberyards Near Troy
Need windows fast?
Buy from a TrustGard N.O.W. Lumberyard!
The N.O.W. program delivers Troy inventory windows within 7 days, including application of standard extension jambs and mulling. TrustGard N.O.W. provides among the fastest turnaround times in Vermont, affording you the flexibility and responsiveness you need.
Energy Savings & ROI: Troy vs the rest of Vermont
Find out how investing in new windows in Troy compares to other nearby Vermont cities.