Savings Category: Replacement Window Savings

Description

Value You Can Measure

Bethpage residents have a whole host great reasons to change their windows. Updating leaky windows, revamping the design of your home etc… Many such benefits can be calculated quite accurately.

To start, windows maintain 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.

As for energy savings, houses in Bethpage, may have significant savings on monthly expenditures for home energy. If you already have dual pane windows you could save approximately $232.98 compared to $174 in Buffalo. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $826.49 per annum, compared to $452 in Buffalo.

Increase your Bethpage Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could add to 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the ROI on energy savings if you sell your home? The following is what we uncovered in Bethpage:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Bethpage, your home value could increase by around $1397.85 and $2045.53 for a mid-tier or top-tier Bethpage home respectively. Compare this to, 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. Bethpage homeowners may see an estimated home value gain of between $4958.95 for mid-tier homes and $7256.59 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

In other words, a window upgrade in Bethpage can add between 0.28% percent and 1.45 % 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Bethpage homeowner is relatively strong.

The variation between the range for Bethpage and Buffalo, which for reference, would yield a potential premium range of 0.21% percent and 0.31% percent respectively, is derived from a number of factors, in particular; the 3.77% 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 Bethpage and Buffalo.

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

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

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