Value You Can Measure
Winooski property owners have a multitude good reasons to upgrade their windows. Upgrading leaky windows, refining the style of your home etc… Certain such benefits can be measured relatively explicitly.
First of all, windows preserve about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This puts windows among the top 5 home improvement investments in terms of value retention.
With regards to energy savings, households located in Winooski, are likely to see impressive declines on daily bill for heating & cooling. If you already have dual pane windows you may save around $200.14 compared to $197 in Burlington. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $574.52 per year, compared to $553 in Burlington.
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Build your Winooski Home’s Resale Price through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows could 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.
In addition, many buyers are willing to pay a premium for energy savings. Here we try to find out : What’s the return on investment on energy savings when it comes time to sell? Below is what we found in Winooski:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Winooski, your home value could increase by around $1200.82 and $1757.19 for a mid-tier or top-tier Winooski home respectively. Compare this to, the same replacement in Burlington could yield somewhere between $1182 and $1729.66.
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Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Winooski homeowners may expect an estimated home value increase of between $3447.11 for mid-tier homes and $5044.27 for the top tier. Compare this to between $3318 and $4855.34 in Burlington.
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In other words, a window investment in Winooski can add between 0.42% percent and 1.77 % 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 initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Winooski homeowner is quite clear.
The variation between the range for Winooski and Burlington, which for reference, would yield a potential premium range of 0.42% percent and 0.61% percent respectively, is dependent on a number of factors, notably; the 0.18% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Burlington-South Burlington region, and heating & cooling price differences between Winooski and Burlington.
The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research done by the NAHB. Winooski home value data is provided by Zillow.
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