Savings Category: Replacement Window Savings

Description

Value You Can Measure

Amenia property owners have countless strong reasons to change their windows. Upgrading old windows, renewing the design of your home etc… Other such features should be measured rather exactly.

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 sets windows among the top 5 home improvement investments in terms of value retention.

With regards to energy savings, homeowners in Amenia, will most probably notice dramatic drops on daily costs for heating & cooling. If you already have dual pane windows you could save about $195.45 compared to $174 in Buffalo. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $588.22 per annum, compared to $452 in Buffalo.

Grow your Amenia Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can 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 find out : What’s the premium for energy savings when it comes time to sell? The following is what we found in Amenia:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Amenia, your home value could increase by around $1172.71 and $1716.07 for a mid-tier or top-tier Amenia home respectively. For comparison, 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. Amenia homeowners may yield an estimated home value gain of between $3529.31 for mid-tier homes and $5164.56 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

Put differently, a window upgrade in Amenia can add anywhere from 0.47% percent and 2.08 % percent to the value 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Amenia homeowner is relatively clear.

The variation between the range for Amenia and Buffalo, which for reference, would yield a potential premium range of 0.42% percent and 0.61% percent respectively, is dependent on a number of factors, especially; the 1.37% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and heating & cooling cost differences between Amenia and Buffalo.

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

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

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