Savings Category: Replacement Window Savings

Description

Value You Can Measure

Fort Montgomery residents have a variety strong reasons to upgrade their windows. Fixing broken windows, revamping the design of your home etc… Certain such benefits can be counted rather clearly.

For starters, windows retain 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, households located in Fort Montgomery, can expect to experience impressive reductions on weekly spending for heating & cooling. If you already have dual pane windows you may save approximately $205.1 compared to $174 in Buffalo. Whereas, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $649.46 annually, compared to $452 in Buffalo.

Grow your Fort Montgomery 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to estimate : What’s the premium for energy savings when it comes time to sell? Below is what we found in Fort Montgomery:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Fort Montgomery, your home value could increase by between $1230.58 and $1800.75 for a mid-tier or top-tier Fort Montgomery home respectively. Compare this to, the same replacement in Buffalo could add 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 Montgomery homeowners could yield an estimated home value gain of between $3896.78 for mid-tier homes and $5702.29 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

In other words, a window upgrade in Fort Montgomery can add anywhere from 0.39% percent and 1.82 % percent to the asking price of your home through 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 Fort Montgomery homeowner is quite strong.

The variation between the range for Fort Montgomery and Buffalo, which for reference, would yield a potential premium range of 0.33% percent and 0.49% percent respectively, is dependent on a number of factors, especially; the 1.99% 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 Fort Montgomery and Buffalo.

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

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Energy Savings & ROI: Fort Montgomery vs the rest of New York

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