Value You Can Measure
West Springfield property owners have countless valid reasons to replace their windows. Repairing broken windows, refining the style of your home etc… Some such values may be counted relatively explicitly.
For starters, 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.
As for energy savings, homeowners in West Springfield, may notice major savings on monthly costs for energy. If you already have dual pane windows you could save about $107.57 compared to $114 in Boston. Whereas, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $296.58 per annum, compared to $344 in Boston.
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Increase your West Springfield Home’s Value 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 estimate : What’s the return on investment on energy savings if you sell your home? The following is what we discovered in West Springfield:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in West Springfield, your home value could increase by around $645.42 and $944.47 for a mid-tier or top-tier West Springfield home respectively. Compare this to, the same upgrade in Boston may get you somewhere between $684 and $1000.92.
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Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. West Springfield homeowners may yield an estimated home value increase of between $1779.46 for mid-tier homes and $2603.94 for the top tier. Compare this to between $2064 and $3020.32 in Boston.
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Put differently, a window upgrade in West Springfield can add between 0.27% percent and 1.1 % 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 West Springfield homeowner is relatively strong.
The variation between the range for West Springfield and Boston, which for reference, would yield a potential premium range of 0.29% percent and 0.42% percent respectively, is dependent on a number of factors, particularly; the -0.63% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Springfield region, and energy cost differences between West Springfield and Boston.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and extensive research executed by the National Association of Homebuilders. West Springfield home value data is provided by Zillow.
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Directions from West Springfield to our headquarters
