Savings Category: Replacement Window Savings

Description

Value You Can Measure

Greene homeowners have a multitude valid reasons to upgrade their windows. Upgrading leaky windows, renewing the aesthetics of your home etc… Certain such benefits can be counted rather accurately.

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 sets windows among the top 5 home improvement investments in terms of value retention.

As for energy savings, households located in Greene, may see dramatic savings on daily bill for home energy. If you already have dual pane windows you may save approximately $178.66 compared to $174 in Buffalo. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $481.59 per year, compared to $452 in Buffalo.

Build your Greene Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may add to 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 uncover : What’s the ROI on energy savings when it comes time to sell? The following is what we uncovered in Greene:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Greene, your home value could increase by between $893.3 and $1188.09 for a mid-tier or top-tier Greene home respectively. Compare this to, the same replacement in Buffalo may get you somewhere between $870 and $1157.1.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Greene homeowners may see an estimated home value gain of between $2407.95 for mid-tier homes and $3202.58 for the top tier. Compare this to between $2260 and $3005.8 in Buffalo.

Put differently, a window investment in Greene can add anywhere from 0.66% percent and 2.35 % 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 upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Greene homeowner is quite clear.

The variation between the range for Greene and Buffalo, which for reference, would yield a potential premium range of 0.64% percent and 0.85% percent respectively, may come from a number of factors, in particular; the 0.3% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the region, and heating & cooling cost differences between Greene and Buffalo.

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

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

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