Savings Category: Replacement Window Savings

Description

Value You Can Measure

Elmsford residents have countless excellent reasons to change their windows. Upgrading broken windows, revamping the look and feel of your home etc… Other such features should be measured quite explicitly.

To begin with, 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.

With regards to energy savings, people living in Elmsford, are likely to notice important drops on weekly expenditures for energy. If you already have dual pane windows you could save approximately $232.23 compared to $174 in Buffalo. On the other hand, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $821.75 annually, compared to $452 in Buffalo.

Build your Elmsford 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to estimate : What’s the return on energy savings if you put your house up for sale? This is what we discovered in Elmsford:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Elmsford, your home value could increase by around $1393.38 and $2038.97 for a mid-tier or top-tier Elmsford home respectively. For comparison, the same upgrade in Buffalo could yield somewhere between $1044 and $1527.72.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Elmsford homeowners may see an estimated home value increase of between $4930.51 for mid-tier homes and $7214.98 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

In other words, a window investment in Elmsford can add between 0.28% percent and 1.46 % percent to the sale price of your home through 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 Elmsford homeowner is relatively strong.

The variation between the range for Elmsford 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 3.72% 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 Elmsford and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research done by the NAHB. Elmsford home value data is provided by Zillow.

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

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