Savings Category: Replacement Window Savings

Description

Value You Can Measure

Islip residents have a variety valid reasons to replace their windows. Upgrading broken windows, improving the style of your home etc… Many such benefits should be quantified rather explicitly.

For starters, windows conserve 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.

In terms of energy savings, households located in Islip, should see considerable drops on monthly bill for electricity. If you already have dual pane windows you may save approximately $213.82 compared to $174 in Buffalo. On the other hand, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $704.85 every year, compared to $452 in Buffalo.

Build your Islip Home’s Value through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows can increase 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 determine : What’s the return on energy savings on the market? This is what we uncovered in Islip:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Islip, your home value could increase by between $1282.92 and $1877.34 for a mid-tier or top-tier Islip home respectively. Compare this to, the same replacement in Buffalo could add somewhere between $1044 and $1527.72.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Islip homeowners could yield an estimated home value gain of between $4229.11 for mid-tier homes and $6188.6 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

Another way to look at it, a window upgrade in Islip can add between 0.35% percent and 1.67 % percent to the asking 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Islip homeowner is quite clear.

The variation between the range for Islip and Buffalo, which for reference, would yield a potential premium range of 0.28% percent and 0.41% percent respectively, is derived from a number of factors, primarily; the 2.54% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and heating & cooling cost differences between Islip and Buffalo.

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

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Buy from a TrustGard N.O.W. Lumberyard!

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Energy Savings & ROI: Islip vs the rest of New York

Find out how investing in new windows in Islip compares to other nearby New York cities.