Description
Value You Can Measure
Briarcliff Manor homeowners have a multitude valid reasons to change their windows. Fixing old windows, renewing the aesthetics of your home etc… Certain such values can be calculated relatively accurately.
First of all, windows conserve 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.
In terms of energy savings, households located in Briarcliff Manor, could have large declines on weekly costs for energy. If you already have dual pane windows you could save approximately $269.13 compared to $174 in Buffalo. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $1056.04 annually, compared to $452 in Buffalo.
Grow your Briarcliff Manor Home’s Value through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows can add to 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 figure out : What’s the return on energy savings when it comes time to sell? Below is what we discovered in Briarcliff Manor:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Briarcliff Manor, your home value could increase by around $2841.97 and $3963.14 for a mid-tier or top-tier Briarcliff Manor 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. Briarcliff Manor homeowners may see an estimated home value gain of between $11151.8 for mid-tier homes and $15551.27 for the top tier. Compare this to between $4773.12 and $6656.15 in Buffalo.
Put differently, a window upgrade in Briarcliff Manor can add anywhere from 0.38% percent and 2.1 % percent to the sale price of your home through the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Briarcliff Manor homeowner is relatively strong.
The variation between the range for Briarcliff Manor and Buffalo, which for reference, would yield a potential premium range of 0.25% percent and 0.35% percent respectively, can be estimated from a number of factors, primarily; the 6.07% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and energy price differences between Briarcliff Manor and Buffalo.
The data presented is based on EnergyStar, the NREL,Department of Energy and meticulous research conducted by the National Association of Homebuilders. Briarcliff Manor 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: Briarcliff Manor vs the rest of New York
Find out how investing in new windows in Briarcliff Manor compares to other nearby New York cities.