Description
Value You Can Measure
Belle Terre residents have a multitude great reasons to change their windows. Fixing old windows, refining the design of your home etc… Many such benefits may be counted quite explicitly.
For starters, windows preserve 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.
As for energy savings, houses in Belle Terre, may see important reductions on annual costs for energy. If you already have dual pane windows you could save about $283.11 compared to $174 in Buffalo. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $1144.87 annually, compared to $452 in Buffalo.
Increase your Belle Terre Home’s Value through Energy Savings
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Upgrading 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.
In addition, many buyers are willing to pay a premium for energy savings. Here we try to find out : What’s the return on energy savings if you put your house up for sale? What follows is what we estimated in Belle Terre:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Belle Terre, your home value could increase by between $2989.69 and $4169.14 for a mid-tier or top-tier Belle Terre home respectively. Compare this to, the same upgrade in Buffalo may get you 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. Belle Terre homeowners could see an estimated home value increase of between $12089.82 for mid-tier homes and $16859.35 for the top tier. Compare this to between $4773.12 and $6656.15 in Buffalo.
Put differently, a window investment in Belle Terre can add anywhere from 0.36% percent and 2.02 % percent to the asking price of your home through 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 Belle Terre homeowner is quite clear.
The variation between the range for Belle Terre and Buffalo, which for reference, would yield a potential premium range of 0.22% percent and 0.31% percent respectively, is dependent on a number of factors, primarily; the 6.97% percent difference in median home prices, a buyers’ likelihood 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 Belle Terre and Buffalo.
The data presented is derived from EnergyStar, the NREL,Department of Energy and incredible research performed by the National Association of Homebuilders. Belle Terre home value data is provided by Zillow.
Data Sources & Disclaimers
Sources:
https://www.bls.gov/regions/
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption
https://www.energy.gov/energysaver/design/windows-doors-and-skylights/update-or-replace-windows
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption#by%20end%20uses
https://openei.org/wiki/NSTAR_Electric_Company
https://www.aceee.org/press/2018/10/aceee-2018-state-energy-efficiency
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187724.php?page_id=32&pid=NAH
http://eyeonhousing.org/2019/04/how-much-are-buyers-willing-to-pay-for-energy-efficiency/
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187731.php
https://www.remodeling.hw.net/cost-vs-value/2020/new-england/
Disclaimer: The information on our website is general in nature and is not intended as a substitute for competent legal, financial or engineering advice.
Although National Vinyl is a Member of the National Homebuilders association and TrustGard windows are the recipient of EnergyStar’s “Most Efficient”,
we wish to state clearly and unequivocally: the information provided does not consitute an endorsement by or from any third party. We make no representation as to the accuracy of the information entered by third parties.We, our directors or shareholders disclaim any liability for any damages or loss arising from your use thereof.
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Energy Savings & ROI: Belle Terre vs the rest of New York
Find out how investing in new windows in Belle Terre compares to other nearby New York cities.