Savings Category: Replacement Window Savings

Description

Value You Can Measure

Westminster property owners have plenty good reasons to upgrade their windows. Repairing broken windows, renewing the decor of your home etc… Many such features can be measured quite clearly.

First of all, 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.

With regards to energy savings, people living in Westminster, will most probably see significant decreases on monthly spending for heating & cooling. If you already have dual pane windows you could save about $204.74 compared to $197 in Burlington. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $606.1 per year, compared to $553 in Burlington.

Increase your Westminster Home’s Value through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows can increase the sale 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to figure out : What’s the premium for energy savings on the market? This is what we discovered in Westminster:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Westminster, your home value could increase by between $1228.43 and $1797.61 for a mid-tier or top-tier Westminster home respectively. For comparison, the same replacement in Burlington may get you somewhere between $1182 and $1729.66.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Westminster homeowners may yield an estimated home value gain of between $3636.63 for mid-tier homes and $5321.6 for the top tier. Compare this to between $3318 and $4855.34 in Burlington.

Another way to look at it, a window upgrade in Westminster can add between 0.63% percent and 2.73 % percent to the value of your home via the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Westminster homeowner is quite clear.

The variation between the range for Westminster and Burlington, which for reference, would yield a potential premium range of 0.61% percent and 0.89% percent respectively, can be estimated from a number of factors, especially; the 0.44% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the region, and energy price differences between Westminster and Burlington.

The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research done by the NAHB. Westminster home value data is provided by Zillow.

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Energy Savings & ROI: Westminster vs the rest of Vermont

Find out how investing in new windows in Westminster compares to other nearby Vermont cities.