Value You Can Measure
Willow Grove property owners have a variety great reasons to replace their windows. Upgrading damaged windows, improving the look and feel of your home etc… Many such features should be measured rather exactly.
Firstly, windows preserve 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 Willow Grove, should see significant savings on daily expenditures for electricity. If you already have dual pane windows you could save approximately $121.45 compared to $116 in Philadelphia. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $327.78 per annum, compared to $294 in Philadelphia.
Increase your Willow Grove Home’s Asking Price through Energy Savings
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Switching your windows to EnergyStar rated National Vinyl windows may 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 determine : What’s the return on investment on energy savings when selling the house? This is what we uncovered in Willow Grove:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Willow Grove, your home value could increase by around $728.72 and $1066.36 for a mid-tier or top-tier Willow Grove home respectively. For comparison, the same replacement 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. Willow Grove homeowners may see an estimated home value gain of between $1966.69 for mid-tier homes and $2877.93 for the top tier. Compare this to between $1764 and $2581.32 in Philadelphia.
In other words, a window upgrade in Willow Grove can add anywhere from 0.26% percent and 1.02 % percent to the value of your home through 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 Willow Grove homeowner is quite strong.
The variation between the range for Willow Grove and Philadelphia, which for reference, would yield a potential premium range of 0.25% percent and 0.36% percent respectively, is dependent on a number of factors, especially; the 0.52% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Philadelphia-Camden-Wilmington region, and heating & cooling price differences between Willow Grove and Philadelphia.
The data presented is derived from EnergyStar, the NREL,Department of Energy and meticulous research executed by the NAHB. Willow Grove home value data is provided by Zillow.
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