Savings Category: Replacement Window Savings

Description

Value You Can Measure

Edmeston residents have many valid reasons to change their windows. Upgrading broken windows, refining the aesthetics of your home etc… Certain such features should be quantified quite accurately.

To start, windows retain 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.

In terms of energy savings, homeowners in Edmeston, are likely to notice dramatic decreases on monthly spending for electricity. If you already have dual pane windows you could save about $175.66 compared to $174 in Buffalo. In contrast, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $462.51 per year, compared to $452 in Buffalo.

Build your Edmeston Home’s Value through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows may add to 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 answer the question : What’s the ROI on energy savings if you sell your home? This is what we uncovered in Edmeston:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Edmeston, your home value could increase by between $878.28 and $1168.11 for a mid-tier or top-tier Edmeston home respectively. For comparison, the same replacement in Buffalo could yield somewhere between $870 and $1157.1.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Edmeston homeowners could see an estimated home value increase of between $2312.57 for mid-tier homes and $3075.72 for the top tier. Compare this to between $2260 and $3005.8 in Buffalo.

Put differently, a window upgrade in Edmeston can add between 0.76% percent and 2.65 % 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Edmeston homeowner is relatively strong.

The variation between the range for Edmeston and Buffalo, which for reference, would yield a potential premium range of 0.75% percent and 1% percent respectively, can be estimated from a number of factors, notably; the 0.11% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Oneonta region, and energy cost differences between Edmeston and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research conducted by the NAHB. Edmeston home value data is provided by Zillow.

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

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