Description
Value You Can Measure
Wallingford property owners have a multitude great reasons to upgrade their windows. Updating broken windows, refining the design of your home etc… Many such benefits can be calculated rather precisely.
Firstly, windows maintain 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.
In terms of energy savings, households located in Wallingford, may experience significant declines on annual costs for heating & cooling. If you already have dual pane windows you may save approximately $205.12 compared to $197 in Burlington. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $608.74 per year, compared to $553 in Burlington.
Increase your Wallingford Home’s Resale Price through Energy Savings
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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.
In addition, many buyers are willing to pay a premium for energy savings. Here we try to figure out : What’s the ROI on energy savings when it comes time to sell? What follows is what we discovered in Wallingford:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Wallingford, your home value could increase by around $1230.74 and $1800.98 for a mid-tier or top-tier Wallingford home respectively. Compare this to, the same upgrade in Burlington could add somewhere between $1182 and $1729.66.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Wallingford homeowners could see an estimated home value increase of between $3652.45 for mid-tier homes and $5344.75 for the top tier. Compare this to between $3318 and $4855.34 in Burlington.
Put differently, a window investment in Wallingford can add anywhere from 0.66% percent and 2.85 % 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 upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Wallingford homeowner is quite clear.
The variation between the range for Wallingford and Burlington, which for reference, would yield a potential premium range of 0.63% percent and 0.92% percent respectively, is derived from a number of factors, particularly; the 0.46% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Rutland region, and heating & cooling cost differences between Wallingford and Burlington.
The data presented is based on EnergyStar, the NREL,Department of Energy and professional research performed by the NAHB. Wallingford 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: Wallingford vs the rest of Vermont
Find out how investing in new windows in Wallingford compares to other nearby Vermont cities.