Description
Value You Can Measure
Fonda property owners have countless good reasons to change their windows. Repairing broken windows, refining the look and feel of your home etc… Many such values should be counted relatively precisely.
To begin with, windows conserve 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, residents of Fonda, will most probably experience large drops on weekly spending for electricity. If you already have dual pane windows you may save about $177.53 compared to $174 in Buffalo. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $474.38 per annum, compared to $452 in Buffalo.
Increase your Fonda Home’s Value through Energy Savings
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Replacing 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.
Moreover, 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 put your house up for sale? This is what we discovered in Fonda:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Fonda, your home value could increase by between $887.63 and $1180.54 for a mid-tier or top-tier Fonda home respectively. For comparison, the same replacement in Buffalo may get you somewhere between $870 and $1157.1.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Fonda homeowners could see an estimated home value increase of between $2371.92 for mid-tier homes and $3154.66 for the top tier. Compare this to between $2260 and $3005.8 in Buffalo.
In other words, a window investment in Fonda can add between 0.69% percent and 2.46 % percent to the value of your home via 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 Fonda homeowner is relatively strong.
The variation between the range for Fonda and Buffalo, which for reference, would yield a potential premium range of 0.68% percent and 0.9% percent respectively, can be estimated from a number of factors, primarily; the 0.23% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Amsterdam region, and energy cost differences between Fonda and Buffalo.
The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research executed by the NAHB. Fonda 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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Energy Savings & ROI: Fonda vs the rest of New York
Find out how investing in new windows in Fonda compares to other nearby New York cities.