Savings Category: Replacement Window Savings

Description

Value You Can Measure

Camden homeowners have plenty excellent reasons to upgrade their windows. Fixing old windows, changing the look and feel of your home etc… Other such features may be calculated quite exactly.

To begin with, 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 Camden, are likely to notice significant savings on monthly bill for home energy. If you already have dual pane windows you could save around $175.66 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 $462.54 every year, compared to $452 in Buffalo.

Grow your Camden Home’s Asking Price 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 estimate : What’s the return on energy savings if you put your house up for sale? The following is what we found in Camden:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Camden, your home value could increase by between $878.3 and $1168.13 for a mid-tier or top-tier Camden home respectively. Compare this to, the same upgrade in Buffalo may get you somewhere between $870 and $1157.1.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Camden homeowners could see an estimated home value gain of between $2312.68 for mid-tier homes and $3075.87 for the top tier. Compare this to between $2260 and $3005.8 in Buffalo.

Put differently, a window investment in Camden can add between 0.76% percent and 2.65 % percent to the sale 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 Camden homeowner is relatively clear.

The variation between the range for Camden and Buffalo, which for reference, would yield a potential premium range of 0.75% percent and 1% percent respectively, is derived from a number of factors, primarily; the 0.11% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Utica-Rome region, and energy price differences between Camden and Buffalo.

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

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

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