Savings Category: Replacement Window Savings

Description

Value You Can Measure

Buchanan property owners have many excellent reasons to replace their windows. Upgrading broken windows, changing the decor of your home etc… Some such benefits should be calculated rather precisely.

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 sets windows among the top 5 home improvement investments in terms of value retention.

With regards to energy savings, households located in Buchanan, could see important declines on monthly expenditures for home energy. If you already have dual pane windows you could save around $214.99 compared to $174 in Buffalo. On the other hand, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $712.29 every year, compared to $452 in Buffalo.

Improve your Buchanan Home’s Value through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may increase 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to uncover : What’s the return on energy savings when it comes time to sell? The following is what we estimated in Buchanan:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Buchanan, your home value could increase by between $1289.94 and $1887.62 for a mid-tier or top-tier Buchanan home respectively. For comparison, the same replacement in Buffalo could yield somewhere between $1044 and $1527.72.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Buchanan homeowners could expect an estimated home value increase of between $4273.72 for mid-tier homes and $6253.87 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

Another way to look at it, a window upgrade in Buchanan can add anywhere from 0.34% percent and 1.65 % percent to the asking price of your home by way of 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 Buchanan homeowner is relatively clear.

The variation between the range for Buchanan and Buffalo, which for reference, would yield a potential premium range of 0.28% percent and 0.4% percent respectively, is dependent on a number of factors, particularly; the 2.62% 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 price differences between Buchanan and Buffalo.

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

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

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