Value You Can Measure
Waymart homeowners have many good reasons to replace their windows. Replacing damaged windows, refining the look and feel of your home etc… Many such features may be quantified rather exactly.
To begin with, 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.
In terms of energy savings, households located in Waymart, will most probably experience dramatic reductions on weekly spending for heating & cooling. If you already have dual pane windows you may save around $113.78 compared to $116 in Philadelphia. In contrast, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $280.22 per year, compared to $294 in Philadelphia.
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Build your Waymart Home’s Asking Price through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows can add to 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 evaluate : What’s the premium for energy savings if you sell your home? The following is what we estimated in Waymart:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Waymart, your home value could increase by between $568.88 and $756.61 for a mid-tier or top-tier Waymart home respectively. Compare this to, the same upgrade in Philadelphia may get you somewhere between $580 and $771.4.
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Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Waymart homeowners could see an estimated home value increase of between $1401.12 for mid-tier homes and $1863.49 for the top tier. Compare this to between $1470 and $1955.1 in Philadelphia.
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In other words, a window upgrade in Waymart can add anywhere from 0.39% percent and 1.28 % 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Waymart homeowner is relatively strong.
The variation between the range for Waymart and Philadelphia, which for reference, would yield a potential premium range of 0.4% percent and 0.53% percent respectively, can be estimated from a number of factors, principally; the -0.21% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the region, and energy cost differences between Waymart and Philadelphia.
The data presented is based on EnergyStar, the NREL,Department of Energy and extensive research executed by the NAHB. Waymart home value data is provided by Zillow.
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Directions from Waymart to our headquarters
