Savings Category: Replacement Window Savings

Description

Value You Can Measure

Greenville property owners have countless good reasons to upgrade their windows. Updating old windows, revamping the look and feel of your home etc… Certain such features may be calculated relatively precisely.

To start, 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, households located in Greenville, will most probably have significant savings on daily costs for energy. If you already have dual pane windows you could save about $186.91 compared to $174 in Buffalo. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $533.97 per annum, compared to $452 in Buffalo.

Increase your Greenville Home’s Resale Price through Energy Savings

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Switching 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to answer the question : What’s the return on energy savings if you sell your home? What follows is what we discovered in Greenville:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Greenville, your home value could increase by between $1121.45 and $1641.06 for a mid-tier or top-tier Greenville home respectively. For comparison, 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. Greenville homeowners may see an estimated home value increase of between $3203.81 for mid-tier homes and $4688.24 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

Another way to look at it, a window upgrade in Greenville can add anywhere from 0.59% percent and 2.45 % percent to the value of your home through 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 Greenville homeowner is relatively strong.

The variation between the range for Greenville and Buffalo, which for reference, would yield a potential premium range of 0.55% percent and 0.8% percent respectively, can be estimated from a number of factors, principally; the 0.82% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the region, and heating & cooling price differences between Greenville and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and incredible research executed by the National Association of Homebuilders. Greenville home value data is provided by Zillow.

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