Savings Category: Replacement Window Savings

Description

Value You Can Measure

Freeville homeowners have plenty strong reasons to upgrade their windows. Replacing broken windows, changing the style of your home etc… Other such features can be calculated quite clearly.

Firstly, windows conserve 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, homeowners in Freeville, may see considerable drops on daily expenditures for electricity. If you already have dual pane windows you could save about $181.81 compared to $174 in Buffalo. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $501.6 per year, compared to $452 in Buffalo.

Increase your Freeville Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could 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 investment on energy savings when it comes time to sell? Below is what we discovered in Freeville:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Freeville, your home value could increase by between $1090.87 and $1596.31 for a mid-tier or top-tier Freeville home respectively. Compare this to, the same upgrade 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. Freeville homeowners could yield an estimated home value gain of between $3009.63 for mid-tier homes and $4404.09 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

Another way to look at it, a window investment in Freeville can add anywhere from 0.69% percent and 2.8 % 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 initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Freeville homeowner is quite strong.

The variation between the range for Freeville and Buffalo, which for reference, would yield a potential premium range of 0.66% percent and 0.97% percent respectively, is derived from a number of factors, notably; the 0.5% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Ithaca region, and energy cost differences between Freeville and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and meticulous research conducted by the NAHB. Freeville home value data is provided by Zillow.

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

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