Value You Can Measure
Constantia residents have a whole host strong reasons to upgrade their windows. Upgrading damaged windows, renewing the design of your home etc… Some such values may be calculated rather clearly.
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 places windows among the top 5 home improvement investments in terms of value retention.
With regards to energy savings, residents of Constantia, can expect to see impressive declines on daily bill for energy. If you already have dual pane windows you may save about $180.45 compared to $174 in Buffalo. Whereas, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $492.98 annually, compared to $452 in Buffalo.
Build your Constantia Home’s Value through Energy Savings
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Switching your windows to EnergyStar rated National Vinyl windows could increase 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.
In addition, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the return on energy savings if you put your house up for sale? Here is what we uncovered in Constantia:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Constantia, your home value could increase by around $902.27 and $1200.02 for a mid-tier or top-tier Constantia 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. Constantia homeowners could see an estimated home value gain of between $2464.92 for mid-tier homes and $3278.34 for the top tier. Compare this to between $2260 and $3005.8 in Buffalo.
Another way to look at it, a window upgrade in Constantia can add between 0.61% percent and 2.21 % 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 initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Constantia homeowner is quite strong.
The variation between the range for Constantia and Buffalo, which for reference, would yield a potential premium range of 0.59% percent and 0.78% percent respectively, is derived from a number of factors, in particular; the 0.41% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Syracuse region, and heating & cooling cost differences between Constantia and Buffalo.
The data presented is derived from EnergyStar, the NREL,Department of Energy and expert research performed by the National Association of Homebuilders. Constantia home value data is provided by Zillow.
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