Savings Category: Replacement Window Savings

Description

Value You Can Measure

Bayville property owners have a variety great reasons to replace their windows. Updating leaky windows, changing the aesthetics of your home etc… Certain such values should be quantified relatively accurately.

Firstly, windows retain 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.

With regards to energy savings, people living in Bayville, will most probably experience important declines on daily spending for electricity. If you already have dual pane windows you could save around $239.78 compared to $174 in Buffalo. Whereas, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $869.71 per annum, compared to $452 in Buffalo.

Build your Bayville 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 ascertain : What’s the return on energy savings if you sell your home? This is what we discovered in Bayville:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Bayville, your home value could increase by between $2532.1 and $3531.03 for a mid-tier or top-tier Bayville home respectively. For comparison, the same replacement in Buffalo could yield somewhere between $1837.44 and $2562.32.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Bayville homeowners could see an estimated home value gain of between $9184.17 for mid-tier homes and $12807.4 for the top tier. Compare this to between $4773.12 and $6656.15 in Buffalo.

In other words, a window investment in Bayville can add anywhere from 0.46% percent and 2.35 % percent to the sale price of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Bayville homeowner is relatively strong.

The variation between the range for Bayville and Buffalo, which for reference, would yield a potential premium range of 0.34% percent and 0.47% percent respectively, may come from a number of factors, notably; the 4.2% percent difference in median home prices, a buyers’ willingness 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 Bayville and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and professional research executed by the NAHB. Bayville home value data is provided by Zillow.

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

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