Savings Category: Replacement Window Savings

Description

Value You Can Measure

Bainbridge residents have many strong reasons to replace their windows. Updating leaky windows, changing the decor of your home etc… Certain such features should be counted quite accurately.

For starters, windows retain 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.

With regards to energy savings, houses in Bainbridge, may have considerable drops on annual bill for home energy. If you already have dual pane windows you could save about $175.17 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 $459.45 per year, compared to $452 in Buffalo.

Improve your Bainbridge Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows can add to 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 return on investment on energy savings if you sell your home? The following is what we found in Bainbridge:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Bainbridge, your home value could increase by around $875.86 and $1164.9 for a mid-tier or top-tier Bainbridge home respectively. Compare this to, the same replacement in Buffalo could yield somewhere between $870 and $1157.1.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Bainbridge homeowners may yield an estimated home value gain of between $2297.23 for mid-tier homes and $3055.31 for the top tier. Compare this to between $2260 and $3005.8 in Buffalo.

In other words, a window investment in Bainbridge can add between 0.78% percent and 2.71 % 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 Bainbridge homeowner is quite strong.

The variation between the range for Bainbridge and Buffalo, which for reference, would yield a potential premium range of 0.77% percent and 1.03% percent respectively, is derived from a number of factors, notably; the 0.07% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the region, and heating & cooling price differences between Bainbridge and Buffalo.

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

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

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