Value You Can Measure
Albertson residents have a multitude good reasons to change their windows. Repairing old windows, changing the look and feel of your home etc… Other such benefits may be measured relatively precisely.
First of all, windows preserve 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, homeowners in Albertson, could experience impressive savings on daily costs for heating & cooling. If you already have dual pane windows you could save about $270.79 compared to $174 in Buffalo. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $1066.59 per annum, compared to $452 in Buffalo.
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Grow your Albertson Home’s Asking Price through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows could 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.
Moreover, many buyers are willing to pay a premium for energy savings. Here we try to determine : What’s the ROI on energy savings when it comes time to sell? Below is what we found in Albertson:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Albertson, your home value could increase by between $2859.51 and $3987.61 for a mid-tier or top-tier Albertson home respectively. For comparison, the same replacement in Buffalo could add somewhere between $1837.44 and $2562.32.
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Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Albertson homeowners could see an estimated home value gain of between $11263.2 for mid-tier homes and $15706.61 for the top tier. Compare this to between $4773.12 and $6656.15 in Buffalo.
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Another way to look at it, a window upgrade in Albertson can add between 0.38% percent and 2.09 % 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 Albertson homeowner is quite strong.
The variation between the range for Albertson and Buffalo, which for reference, would yield a potential premium range of 0.24% percent and 0.34% percent respectively, is derived from a number of factors, notably; the 6.18% percent difference in median home prices, a buyers’ propensity 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 Albertson and Buffalo.
The data presented is based on EnergyStar, the NREL,Department of Energy and incredible research executed by the NAHB. Albertson home value data is provided by Zillow.
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Directions from Albertson to our headquarters
