Value You Can Measure
West Easton residents have many valid reasons to upgrade their windows. Fixing leaky windows, revamping the look and feel of your home etc… Other such values should be quantified quite exactly.
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 places windows among the top 5 home improvement investments in terms of value retention.
In terms of energy savings, residents of West Easton, can expect to have dramatic declines on weekly bill for energy. If you already have dual pane windows you may save around $114.33 compared to $116 in Philadelphia. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $283.63 per year, compared to $294 in Philadelphia.
Increase your West Easton Home’s Value 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.
In addition, many buyers are willing to pay a premium for energy savings. Here we try to estimate : What’s the return on energy savings on the market? The following is what we discovered in West Easton:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in West Easton, your home value could increase by between $685.95 and $1003.78 for a mid-tier or top-tier West Easton home respectively. Compare this to, the same upgrade in Philadelphia may get you somewhere between $696 and $1018.48.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. West Easton homeowners could yield an estimated home value increase of between $1701.76 for mid-tier homes and $2490.25 for the top tier. Compare this to between $1764 and $2581.32 in Philadelphia.
Put differently, a window upgrade in West Easton can add between 0.44% percent and 1.6 % 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 West Easton homeowner is relatively strong.
The variation between the range for West Easton and Philadelphia, which for reference, would yield a potential premium range of 0.45% percent and 0.66% percent respectively, can be estimated from a number of factors, principally; the -0.16% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Allentown-Bethlehem-Easton region, and heating & cooling cost differences between West Easton and Philadelphia.
The data presented is based on EnergyStar, the NREL,Department of Energy and professional research executed by the NAHB. West Easton home value data is provided by Zillow.
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