Description
Value You Can Measure
Wrightstown homeowners have a multitude valid reasons to change their windows. Replacing broken windows, revamping the aesthetics of your home etc… Certain such values may be calculated rather accurately.
Firstly, windows maintain 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, residents of Wrightstown, can expect to experience large drops on monthly costs for heating & cooling. If you already have dual pane windows you could save around $103.43 compared to $100 in Atlantic City. On the other hand, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $296.96 every year, compared to $274 in Atlantic City.
Improve your Wrightstown Home’s Resale Price through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows may increase 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 premium for energy savings if you sell your home? The following is what we found in Wrightstown:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Wrightstown, your home value could increase by between $620.57 and $908.1 for a mid-tier or top-tier Wrightstown home respectively. For comparison, the same upgrade in Atlantic City could yield somewhere between $600 and $878.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Wrightstown homeowners may see an estimated home value gain of between $1781.76 for mid-tier homes and $2607.31 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.
Another way to look at it, a window investment in Wrightstown can add between 0.39% percent and 1.65 % 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 upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Wrightstown homeowner is quite strong.
The variation between the range for Wrightstown and Atlantic City, which for reference, would yield a potential premium range of 0.38% percent and 0.55% percent respectively, is derived from a number of factors, especially; the 0.38% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Philadelphia-Camden-Wilmington region, and energy cost differences between Wrightstown and Atlantic City.
The data presented is derived from EnergyStar, the NREL,Department of Energy and meticulous research performed by the NAHB. Wrightstown 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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