Savings Category: Replacement Window Savings

Description

Value You Can Measure

Croghan property owners have many valid reasons to change their windows. Fixing old windows, changing the aesthetics of your home etc… Certain such values should be measured relatively explicitly.

Firstly, 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.

As for energy savings, homeowners in Croghan, may experience large savings on annual bill for heating & cooling. If you already have dual pane windows you could save approximately $180.49 compared to $174 in Buffalo. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $493.19 per year, compared to $452 in Buffalo.

Build your Croghan Home’s Asking Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows may 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.

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 found in Croghan:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Croghan, your home value could increase by around $902.44 and $1200.24 for a mid-tier or top-tier Croghan 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. Croghan homeowners may yield an estimated home value increase of between $2465.96 for mid-tier homes and $3279.73 for the top tier. Compare this to between $2260 and $3005.8 in Buffalo.

Another way to look at it, a window upgrade in Croghan can add anywhere from 0.61% percent and 2.21 % percent to the sale price of your home via the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Croghan homeowner is quite strong.

The variation between the range for Croghan and Buffalo, which for reference, would yield a potential premium range of 0.59% percent and 0.78% percent respectively, may come from a number of factors, primarily; 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 region, and energy cost differences between Croghan and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and expert research performed by the NAHB. Croghan home value data is provided by Zillow.

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

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