Savings Category: Replacement Window Savings

Description

Value You Can Measure

Ghent homeowners have countless strong reasons to upgrade their windows. Replacing old windows, renewing the aesthetics of your home etc… Some such values should be calculated rather accurately.

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.

In terms of energy savings, houses in Ghent, should have important savings on monthly expenditures for electricity. If you already have dual pane windows you could save around $201.14 compared to $174 in Buffalo. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $624.35 annually, compared to $452 in Buffalo.

Build your Ghent Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may 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 evaluate : What’s the return on investment on energy savings if you sell your home? Below is what we discovered in Ghent:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Ghent, your home value could increase by between $1206.85 and $1766.02 for a mid-tier or top-tier Ghent home respectively. Compare this to, the same replacement 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. Ghent homeowners may see an estimated home value gain of between $3746.08 for mid-tier homes and $5481.76 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

In other words, a window investment in Ghent can add between 0.42% percent and 1.91 % percent to the asking 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 Ghent homeowner is quite strong.

The variation between the range for Ghent and Buffalo, which for reference, would yield a potential premium range of 0.36% percent and 0.53% percent respectively, is dependent on a number of factors, especially; the 1.73% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Hudson region, and heating & cooling price differences between Ghent and Buffalo.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and meticulous research performed by the National Association of Homebuilders. Ghent home value data is provided by Zillow.

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