Savings Category: Replacement Window Savings

Description

Value You Can Measure

Cedarhurst residents have countless good reasons to replace their windows. Fixing old windows, improving the design of your home etc… Other such features should be quantified quite explicitly.

To start, 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.

With regards to energy savings, people living in Cedarhurst, are likely to notice impressive declines on annual expenditures for electricity. If you already have dual pane windows you may save about $270.48 compared to $174 in Buffalo. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $1064.65 per annum, compared to $452 in Buffalo.

Build your Cedarhurst Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could increase 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 figure out : What’s the return on investment on energy savings when selling the house? Here is what we estimated in Cedarhurst:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Cedarhurst, your home value could increase by between $2856.28 and $3983.1 for a mid-tier or top-tier Cedarhurst home respectively. For comparison, 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. Cedarhurst homeowners could see an estimated home value increase of between $11242.68 for mid-tier homes and $15678 for the top tier. Compare this to between $4773.12 and $6656.15 in Buffalo.

Another way to look at it, a window investment in Cedarhurst can add between 0.38% percent and 2.09 % percent to the sale price of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Cedarhurst homeowner is relatively strong.

The variation between the range for Cedarhurst and Buffalo, which for reference, would yield a potential premium range of 0.24% percent and 0.34% percent respectively, is derived from a number of factors, notably; the 6.16% 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 energy cost differences between Cedarhurst and Buffalo.

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

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

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