Savings Category: Replacement Window Savings

Description

Value You Can Measure

Windham homeowners have plenty good reasons to change their windows. Repairing old windows, changing the design of your home etc… Some such benefits should be calculated rather explicitly.

To start, windows preserve 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, houses in Windham, can expect to experience major savings on daily expenditures for heating & cooling. If you already have dual pane windows you may save about $200.77 compared to $174 in Buffalo. Whereas, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $622.01 per annum, compared to $452 in Buffalo.

Increase your Windham 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the return on investment on energy savings when it comes time to sell? Here is what we estimated in Windham:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Windham, your home value could increase by between $1204.64 and $1762.79 for a mid-tier or top-tier Windham home respectively. Compare this to, the same replacement in Buffalo could add somewhere between $1044 and $1527.72.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Windham homeowners may see an estimated home value increase of between $3732.05 for mid-tier homes and $5461.23 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

In other words, a window investment in Windham can add between 0.42% percent and 1.92 % percent to the sale price of your home via 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 Windham homeowner is quite strong.

The variation between the range for Windham and Buffalo, which for reference, would yield a potential premium range of 0.37% percent and 0.54% percent respectively, is dependent on a number of factors, notably; the 1.71% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the region, and heating & cooling cost differences between Windham and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research performed by the NAHB. Windham home value data is provided by Zillow.

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