Savings Category: Replacement Window Savings

Description

Value You Can Measure

Wolfeboro residents have plenty valid reasons to upgrade their windows. Repairing damaged windows, revamping the aesthetics of your home etc… Other such benefits should be quantified relatively precisely.

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 places windows among the top 5 home improvement investments in terms of value retention.

In terms of energy savings, homes in Wolfeboro, should have significant declines on annual bill for heating & cooling. If you already have dual pane windows you could save about $178.63 compared to $172 in Concord. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $516.5 annually, compared to $472 in Concord.

Increase your Wolfeboro Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may add to the asking 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to answer the question : What’s the ROI on energy savings on the market? What follows is what we uncovered in Wolfeboro:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Wolfeboro, your home value could increase by around $1071.81 and $1568.41 for a mid-tier or top-tier Wolfeboro home respectively. For comparison, the same replacement in Concord may get you somewhere between $1032 and $1510.16.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Wolfeboro homeowners could see an estimated home value increase of between $3099.02 for mid-tier homes and $4534.89 for the top tier. Compare this to between $2832 and $4144.16 in Concord.

Another way to look at it, a window upgrade in Wolfeboro can add anywhere from 0.3% percent and 1.26 % percent to the sale price of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Wolfeboro homeowner is relatively strong.

The variation between the range for Wolfeboro and Concord, which for reference, would yield a potential premium range of 0.29% percent and 0.42% percent respectively, may come from a number of factors, primarily; the 0.43% 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 Wolfeboro and Concord.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and meticulous research executed by the NAHB. Wolfeboro home value data is provided by Zillow.

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Energy Savings & ROI: Wolfeboro vs the rest of New Hampshire

Find out how investing in new windows in Wolfeboro compares to other nearby New Hampshire cities.