Value You Can Measure
Walton property owners have a whole host valid reasons to replace their windows. Fixing leaky windows, improving the design of your home etc… Other such features may be measured relatively accurately.
To start, windows conserve 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, people living in Walton, will most probably see impressive reductions on monthly costs for home energy. If you already have dual pane windows you could save about $176.97 compared to $174 in Buffalo. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $470.83 every year, compared to $452 in Buffalo.
Improve your Walton Home’s Asking Price through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows may 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.
In addition, many buyers are willing to pay a premium for energy savings. Here we try to ascertain : What’s the return on energy savings when it comes time to sell? Here is what we found in Walton:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Walton, your home value could increase by between $884.83 and $1176.82 for a mid-tier or top-tier Walton home respectively. Compare this to, the same replacement in Buffalo could add somewhere between $870 and $1157.1.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Walton homeowners may yield an estimated home value increase of between $2354.16 for mid-tier homes and $3131.04 for the top tier. Compare this to between $2260 and $3005.8 in Buffalo.
In other words, a window investment in Walton can add between 0.71% percent and 2.51 % percent to the asking price of your home via 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 Walton homeowner is quite clear.
The variation between the range for Walton and Buffalo, which for reference, would yield a potential premium range of 0.7% percent and 0.93% percent respectively, is dependent on a number of factors, particularly; the 0.19% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the region, and energy price differences between Walton and Buffalo.
The data presented is derived from EnergyStar, the NREL,Department of Energy and incredible research performed by the NAHB. Walton home value data is provided by Zillow.
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