Description
Value You Can Measure
Wind Gap property owners have plenty strong reasons to upgrade their windows. Fixing broken windows, revamping the look and feel of your home etc… Some such features may be quantified relatively exactly.
Firstly, windows retain 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, homes in Wind Gap, may notice considerable decreases on weekly expenditures for energy. If you already have dual pane windows you could save approximately $118.32 compared to $116 in Philadelphia. Whereas, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $308.38 annually, compared to $294 in Philadelphia.
Improve your Wind Gap Home’s Resale Price through Energy Savings
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Switching your windows to EnergyStar rated National Vinyl windows may 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 find out : What’s the ROI on energy savings on the market? The following is what we found in Wind Gap:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Wind Gap, your home value could increase by between $709.92 and $1038.86 for a mid-tier or top-tier Wind Gap 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. Wind Gap homeowners may expect an estimated home value increase of between $1850.27 for mid-tier homes and $2707.56 for the top tier. Compare this to between $1764 and $2581.32 in Philadelphia.
Put differently, a window upgrade in Wind Gap can add anywhere from 0.31% percent and 1.2 % percent to the sale price of your home by way of 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 Wind Gap homeowner is quite strong.
The variation between the range for Wind Gap and Philadelphia, which for reference, would yield a potential premium range of 0.31% percent and 0.45% percent respectively, is derived from a number of factors, in particular; the 0.22% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Allentown-Bethlehem-Easton region, and energy cost differences between Wind Gap and Philadelphia.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and professional research conducted by the National Association of Homebuilders. Wind Gap home value data is provided by Zillow.
Data Sources & Disclaimers
Sources:
https://www.bls.gov/regions/
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption
https://www.energy.gov/energysaver/design/windows-doors-and-skylights/update-or-replace-windows
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption#by%20end%20uses
https://openei.org/wiki/NSTAR_Electric_Company
https://www.aceee.org/press/2018/10/aceee-2018-state-energy-efficiency
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187724.php?page_id=32&pid=NAH
http://eyeonhousing.org/2019/04/how-much-are-buyers-willing-to-pay-for-energy-efficiency/
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187731.php
https://www.remodeling.hw.net/cost-vs-value/2020/new-england/
Disclaimer: The information on our website is general in nature and is not intended as a substitute for competent legal, financial or engineering advice.
Although National Vinyl is a Member of the National Homebuilders association and TrustGard windows are the recipient of EnergyStar’s “Most Efficient”,
we wish to state clearly and unequivocally: the information provided does not consitute an endorsement by or from any third party. We make no representation as to the accuracy of the information entered by third parties.We, our directors or shareholders disclaim any liability for any damages or loss arising from your use thereof.
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Energy Savings & ROI: Wind Gap vs the rest of Pennsylvania
Find out how investing in new windows in Wind Gap compares to other nearby Pennsylvania cities.