Description
Value You Can Measure
Vandling residents have a multitude excellent reasons to change their windows. Replacing leaky windows, improving the aesthetics of your home etc… Other such benefits can be counted rather accurately.
For starters, windows retain 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, homeowners in Vandling, may notice dramatic decreases on weekly bill for heating & cooling. If you already have dual pane windows you could save around $111.79 compared to $116 in Philadelphia. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $267.89 every year, compared to $294 in Philadelphia.
Increase your Vandling Home’s Value 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 figure out : What’s the premium for energy savings when it comes time to sell? This is what we found in Vandling:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Vandling, your home value could increase by between $558.93 and $743.38 for a mid-tier or top-tier Vandling home respectively. Compare this to, the same upgrade in Philadelphia may get you somewhere between $580 and $771.4.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Vandling homeowners may expect an estimated home value increase of between $1339.46 for mid-tier homes and $1781.48 for the top tier. Compare this to between $1470 and $1955.1 in Philadelphia.
Put differently, a window investment in Vandling can add anywhere from 0.51% percent and 1.62 % percent to the sale price of your home by way of 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 Vandling homeowner is quite strong.
The variation between the range for Vandling and Philadelphia, which for reference, would yield a potential premium range of 0.53% percent and 0.7% percent respectively, can be estimated from a number of factors, especially; the -0.4% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Scranton–Wilkes-Barre–Hazleton region, and heating & cooling price differences between Vandling and Philadelphia.
The data presented is based on EnergyStar, the NREL,Department of Energy and meticulous research conducted by the NAHB. Vandling 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: Vandling vs the rest of Pennsylvania
Find out how investing in new windows in Vandling compares to other nearby Pennsylvania cities.