Savings Category: Replacement Window Savings

Description

Value You Can Measure

Cortland residents have a whole host great reasons to replace their windows. Repairing damaged windows, revamping the aesthetics of your home etc… Other such values may be quantified rather exactly.

Firstly, 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.

As for energy savings, households located in Cortland, could notice considerable declines on annual spending for electricity. If you already have dual pane windows you may save approximately $175.81 compared to $174 in Buffalo. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $463.52 per year, compared to $452 in Buffalo.

Grow your Cortland Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to uncover : What’s the return on energy savings if you put your house up for sale? The following is what we uncovered in Cortland:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Cortland, your home value could increase by around $879.07 and $1169.17 for a mid-tier or top-tier Cortland home respectively. For comparison, the same upgrade 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. Cortland homeowners may yield an estimated home value increase of between $2317.6 for mid-tier homes and $3082.41 for the top tier. Compare this to between $2260 and $3005.8 in Buffalo.

In other words, a window investment in Cortland can add between 0.75% percent and 2.63 % percent to the value of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Cortland homeowner is quite strong.

The variation between the range for Cortland and Buffalo, which for reference, would yield a potential premium range of 0.74% percent and 0.99% percent respectively, is dependent on a number of factors, especially; the 0.12% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Cortland region, and energy cost differences between Cortland and Buffalo.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and incredible research done by the National Association of Homebuilders. Cortland home value data is provided by Zillow.

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

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