Savings Category: Replacement Window Savings

Description

Value You Can Measure

Yarmouth residents have a multitude good reasons to replace their windows. Replacing damaged windows, revamping the style of your home etc… Other such benefits can be quantified 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.

As for energy savings, homes in Yarmouth, may have considerable drops on weekly costs for home energy. If you already have dual pane windows you could save about $120.82 compared to $117 in Portland. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $422.23 per year, compared to $391 in Portland.

Increase your Yarmouth Home’s Value through Energy Savings

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Switching 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 premium for energy savings when it comes time to sell? The following is what we uncovered in Yarmouth:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Yarmouth, your home value could increase by between $724.94 and $1060.83 for a mid-tier or top-tier Yarmouth home respectively. Compare this to, the same upgrade in Portland may get you somewhere between $702 and $1027.26.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Yarmouth homeowners may yield an estimated home value gain of between $2533.41 for mid-tier homes and $3707.22 for the top tier. Compare this to between $2346 and $3432.98 in Portland.

Another way to look at it, a window upgrade in Yarmouth can add anywhere from 0.16% percent and 0.8 % 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Yarmouth homeowner is quite strong.

The variation between the range for Yarmouth and Portland, which for reference, would yield a potential premium range of 0.15% percent and 0.22% percent respectively, may come from a number of factors, principally; the 0.36% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Portland-South Portland region, and heating & cooling price differences between Yarmouth and Portland.

The data presented is derived from EnergyStar, the NREL,Department of Energy and incredible research executed by the National Association of Homebuilders. Yarmouth home value data is provided by Zillow.

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The N.O.W. program delivers Yarmouth inventory windows within 7 days, including application of standard extension jambs and mulling. TrustGard N.O.W. provides among the fastest turnaround times in Maine, affording you the flexibility and responsiveness you need.