Savings Category: Replacement Window Savings

Description

Value You Can Measure

Athens property owners have countless great reasons to replace their windows. Upgrading broken windows, renewing the style of your home etc… Some such features can be measured relatively explicitly.

For starters, windows maintain 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, houses in Athens, may see dramatic decreases on annual costs for heating & cooling. If you already have dual pane windows you may save about $189.75 compared to $174 in Buffalo. Whereas, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $552.04 annually, compared to $452 in Buffalo.

Improve your Athens Home’s Asking Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows can increase the sale 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 estimate : What’s the ROI on energy savings if you sell your home? What follows is what we uncovered in Athens:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Athens, your home value could increase by around $1138.52 and $1666.04 for a mid-tier or top-tier Athens home respectively. For comparison, the same replacement in Buffalo may get you somewhere between $1044 and $1527.72.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Athens homeowners could expect an estimated home value gain of between $3312.21 for mid-tier homes and $4846.87 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

Another way to look at it, a window investment in Athens can add between 0.54% percent and 2.3 % percent to the asking 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Athens homeowner is relatively clear.

The variation between the range for Athens and Buffalo, which for reference, would yield a potential premium range of 0.5% percent and 0.73% percent respectively, is derived from a number of factors, primarily; the 1.01% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the region, and energy price differences between Athens and Buffalo.

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

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