Value You Can Measure
Elmont property owners have a whole host good reasons to replace their windows. Updating leaky windows, revamping the design of your home etc… Other such features may be calculated relatively explicitly.
Firstly, windows retain 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.
With regards to energy savings, residents of Elmont, are likely to see impressive drops on monthly bill for home energy. If you already have dual pane windows you may save about $231.75 compared to $174 in Buffalo. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $818.69 every year, compared to $452 in Buffalo.
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Build your Elmont Home’s Value through Energy Savings
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Replacing 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.
Moreover, many buyers are willing to pay a premium for energy savings. Here we try to determine : What’s the premium for energy savings on the market? This is what we found in Elmont:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Elmont, your home value could increase by between $1390.48 and $2034.73 for a mid-tier or top-tier Elmont home respectively. For comparison, the same upgrade in Buffalo could add somewhere between $1044 and $1527.72.
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Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Elmont homeowners could see an estimated home value gain of between $4912.12 for mid-tier homes and $7188.07 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.
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In other words, a window upgrade in Elmont can add between 0.28% percent and 1.46 % percent to the value of your home by way of 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 Elmont homeowner is relatively clear.
The variation between the range for Elmont and Buffalo, which for reference, would yield a potential premium range of 0.21% percent and 0.31% percent respectively, is dependent on a number of factors, primarily; the 3.69% 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 heating & cooling price differences between Elmont and Buffalo.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and professional research executed by the National Association of Homebuilders. Elmont home value data is provided by Zillow.
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Directions from Elmont to our headquarters
