Savings Category: Replacement Window Savings

Description

Value You Can Measure

Westbrook property owners have a multitude strong reasons to change their windows. Updating damaged windows, refining the design of your home etc… Many such values may be calculated quite precisely.

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, people living in Westbrook, may notice impressive reductions on annual costs for energy. If you already have dual pane windows you could save approximately $114.95 compared to $117 in Portland. On the other hand, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $374.28 annually, compared to $391 in Portland.

Build your Westbrook Home’s Value 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 figure out : What’s the return on investment on energy savings when selling the house? The following is what we uncovered in Westbrook:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Westbrook, your home value could increase by between $689.72 and $1009.29 for a mid-tier or top-tier Westbrook home respectively. For comparison, the same replacement in Portland may get you somewhere between $702 and $1027.26.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Westbrook homeowners may expect an estimated home value gain of between $2245.68 for mid-tier homes and $3286.17 for the top tier. Compare this to between $2346 and $3432.98 in Portland.

Put differently, a window upgrade in Westbrook can add anywhere from 0.25% percent and 1.21 % percent to the sale price of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Westbrook homeowner is quite strong.

The variation between the range for Westbrook and Portland, which for reference, would yield a potential premium range of 0.26% percent and 0.38% percent respectively, can be estimated from a number of factors, principally; the -0.19% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Portland-South Portland region, and energy cost differences between Westbrook and Portland.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and meticulous research done by the NAHB. Westbrook home value data is provided by Zillow.

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Need windows fast?
Buy from a TrustGard N.O.W. Lumberyard!

The N.O.W. program delivers Westbrook inventory windows within 7 days, including application of standard extension jambs and mulling. TrustGard N.O.W. provides among the fastest turnaround times in Maine, affording you the flexibility and responsiveness you need.