Savings Category: Replacement Window Savings

Description

Value You Can Measure

Binghamton homeowners have a multitude good reasons to replace their windows. Fixing broken windows, refining the aesthetics of your home etc… Many such values can be counted rather explicitly.

For starters, windows conserve 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, homeowners in Binghamton, may see significant decreases on monthly spending for home energy. If you already have dual pane windows you may save about $174.71 compared to $174 in Buffalo. In contrast, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $456.51 per annum, compared to $452 in Buffalo.

Build your Binghamton Home’s Value through Energy Savings

[lme-module module=”market-stats” city=”Binghamton” state=”NY”]

Replacing your windows to EnergyStar rated National Vinyl windows could 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 ascertain : What’s the premium for energy savings if you sell your home? Below is what we discovered in Binghamton:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Binghamton, your home value could increase by between $873.55 and $1161.82 for a mid-tier or top-tier Binghamton home respectively. For comparison, the same replacement in Buffalo could add somewhere between $870 and $1157.1.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Binghamton homeowners may yield an estimated home value increase of between $2282.54 for mid-tier homes and $3035.78 for the top tier. Compare this to between $2260 and $3005.8 in Buffalo.

Another way to look at it, a window upgrade in Binghamton can add between 0.8% percent and 2.77 % percent to the sale price of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Binghamton homeowner is relatively strong.

The variation between the range for Binghamton and Buffalo, which for reference, would yield a potential premium range of 0.79% percent and 1.06% percent respectively, can be estimated from a number of factors, principally; the 0.05% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Binghamton region, and energy price differences between Binghamton and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and expert research executed by the National Association of Homebuilders. Binghamton home value data is provided by Zillow.

[lme-module module=”market-activity” city=”Binghamton” state=”NY”]

Directions from Binghamton to our headquarters

Window Installers Near Binghamton:

State Licensed

Background Checked

Verified Reviews

Liability Insurance

Top Installers Near Binghamton

More Installers Near Binghamton

Search for Binghamton Window Installers

Looking For A Price Quote? Get One Now!

1

Request a Quote

2

In-Home Consult (FREE)

3

Windows Installed

Instant Online Quote

Lumberyards Near Binghamton

Top Lumberyards Near Binghamton

More Lumberyards Near Binghamton

Need windows fast?
Buy from a TrustGard N.O.W. Lumberyard!

The N.O.W. program delivers Binghamton inventory windows within 7 days, including application of standard extension jambs and mulling. TrustGard N.O.W. provides among the fastest turnaround times in New York, affording you the flexibility and responsiveness you need.

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

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