Value You Can Measure
Fort Edward residents have plenty valid reasons to change their windows. Replacing damaged windows, improving the style of your home etc… Some such features should be measured rather explicitly.
First of all, 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, households located in Fort Edward, could experience considerable savings on weekly bill for heating & cooling. If you already have dual pane windows you may save approximately $180.86 compared to $174 in Buffalo. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $495.58 per year, compared to $452 in Buffalo.
Build your Fort Edward Home’s Value through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows may increase 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 answer the question : What’s the ROI on energy savings on the market? This is what we discovered in Fort Edward:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Fort Edward, your home value could increase by between $1085.18 and $1587.98 for a mid-tier or top-tier Fort Edward home respectively. Compare this to, the same upgrade in Buffalo may get you somewhere between $1044 and $1527.72.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Fort Edward homeowners may see an estimated home value gain of between $2973.51 for mid-tier homes and $4351.23 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.
Another way to look at it, a window investment in Fort Edward can add between 0.72% percent and 2.88 % percent to the sale price of your home via 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 Fort Edward homeowner is relatively clear.
The variation between the range for Fort Edward and Buffalo, which for reference, would yield a potential premium range of 0.69% percent and 1.01% percent respectively, is derived from a number of factors, principally; the 0.44% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Glens Falls region, and heating & cooling price differences between Fort Edward and Buffalo.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and extensive research conducted by the NAHB. Fort Edward home value data is provided by Zillow.
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Directions from Fort Edward to our headquarters