Value You Can Measure
Hadley residents have countless strong reasons to upgrade their windows. Updating broken windows, renewing the aesthetics of your home etc… Other such benefits may be calculated quite precisely.
Firstly, windows maintain 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, residents of Hadley, can expect to see large savings on weekly costs for heating & cooling. If you already have dual pane windows you may save about $181.48 compared to $174 in Buffalo. On the other hand, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $499.51 per year, compared to $452 in Buffalo.
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Increase your Hadley Home’s Resale Price through Energy Savings
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Switching your windows to EnergyStar rated National Vinyl windows can add to 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.
Moreover, many buyers are willing to pay a premium for energy savings. Here we try to estimate : What’s the return on energy savings if you put your house up for sale? This is what we estimated in Hadley:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Hadley, your home value could increase by between $1088.89 and $1593.41 for a mid-tier or top-tier Hadley home respectively. Compare this to, the same upgrade in Buffalo may get you somewhere between $1044 and $1527.72.
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Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Hadley homeowners could yield an estimated home value increase of between $2997.05 for mid-tier homes and $4385.68 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.
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Another way to look at it, a window upgrade in Hadley can add anywhere from 0.7% percent and 2.83 % percent to the asking price of your home via the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Hadley homeowner is relatively clear.
The variation between the range for Hadley and Buffalo, which for reference, would yield a potential premium range of 0.67% percent and 0.99% percent respectively, may come from a number of factors, primarily; the 0.48% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Albany-Schenectady-Troy region, and energy price differences between Hadley and Buffalo.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and meticulous research performed by the NAHB. Hadley home value data is provided by Zillow.
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