Value You Can Measure
Croton-on-Hudson property owners have many strong reasons to change their windows. Upgrading damaged windows, changing the design of your home etc… Certain such features can be quantified quite exactly.
Firstly, windows preserve 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.
In terms of energy savings, homeowners in Croton-on-Hudson, can expect to have significant decreases on weekly costs for heating & cooling. If you already have dual pane windows you may save approximately $238.6 compared to $174 in Buffalo. Whereas, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $862.22 annually, compared to $452 in Buffalo.
Increase your Croton-on-Hudson Home’s Value through Energy Savings
[lme-module module=”market-stats” city=”Croton-on-Hudson” state=”NY”]
Upgrading your windows to EnergyStar rated National Vinyl windows could add to the sale 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 estimate : What’s the return on investment on energy savings if you put your house up for sale? This is what we estimated in Croton-on-Hudson:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Croton-on-Hudson, your home value could increase by between $2519.63 and $3513.65 for a mid-tier or top-tier Croton-on-Hudson home respectively. For comparison, the same upgrade in Buffalo could add 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. Croton-on-Hudson homeowners could yield an estimated home value gain of between $9105 for mid-tier homes and $12696.99 for the top tier. Compare this to between $4773.12 and $6656.15 in Buffalo.
Another way to look at it, a window upgrade in Croton-on-Hudson can add anywhere from 0.47% percent and 2.36 % 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 upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Croton-on-Hudson homeowner is quite strong.
The variation between the range for Croton-on-Hudson and Buffalo, which for reference, would yield a potential premium range of 0.34% percent and 0.48% percent respectively, is dependent on a number of factors, primarily; the 4.13% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and energy cost differences between Croton-on-Hudson and Buffalo.
The data presented is based on EnergyStar, the NREL,Department of Energy and extensive research done by the National Association of Homebuilders. Croton-on-Hudson home value data is provided by Zillow.
[lme-module module=”market-activity” city=”Croton-on-Hudson” state=”NY”]
Directions from Croton-on-Hudson to our headquarters