Value You Can Measure
Wauregan residents have countless excellent reasons to upgrade their windows. Updating leaky windows, refining the look and feel of your home etc… Other such values should be quantified relatively precisely.
To start, windows maintain 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.
With regards to energy savings, homeowners in Wauregan, will most probably experience impressive reductions on daily expenditures for heating & cooling. If you already have dual pane windows you could save about $183.08 compared to $172 in Hartford. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $508.12 every year, compared to $439 in Hartford.
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Build your Wauregan Home’s Resale Price through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows can increase the value 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 answer the question : What’s the return on investment on energy savings when selling the house? The following is what we discovered in Wauregan:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Wauregan, your home value could increase by between $1098.47 and $1607.43 for a mid-tier or top-tier Wauregan home respectively. Compare this to, the same upgrade in Hartford may get you somewhere between $1032 and $1510.16.
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Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Wauregan homeowners could see an estimated home value increase of between $3048.73 for mid-tier homes and $4461.31 for the top tier. Compare this to between $2634 and $3854.42 in Hartford.
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Put differently, a window investment in Wauregan can add anywhere from 0.56% percent and 2.26 % percent to the asking price of your home via the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Wauregan homeowner is relatively strong.
The variation between the range for Wauregan and Hartford, which for reference, would yield a potential premium range of 0.52% percent and 0.76% percent respectively, is derived from a number of factors, principally; the 0.72% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Worcester region, and energy cost differences between Wauregan and Hartford.
The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research executed by the National Association of Homebuilders. Wauregan home value data is provided by Zillow.
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