Description
Value You Can Measure
Hartsdale homeowners have countless great reasons to upgrade their windows. Fixing leaky windows, renewing the decor of your home etc… Some such values can be counted rather exactly.
To begin with, windows preserve about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This places windows among the top 5 home improvement investments in terms of value retention.
With regards to energy savings, people living in Hartsdale, may see considerable decreases on daily bill for energy. If you already have dual pane windows you may save about $246.68 compared to $174 in Buffalo. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $913.53 annually, compared to $452 in Buffalo.
Grow your Hartsdale Home’s Resale Price through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows could add to 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.
In addition, many buyers are willing to pay a premium for energy savings. Here we try to find out : What’s the ROI on energy savings if you sell your home? The following is what we uncovered in Hartsdale:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Hartsdale, your home value could increase by between $2604.96 and $3632.64 for a mid-tier or top-tier Hartsdale home respectively. For comparison, the same upgrade in Buffalo may get you somewhere between $1837.44 and $2562.32.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Hartsdale homeowners may yield an estimated home value increase of between $9646.85 for mid-tier homes and $13452.6 for the top tier. Compare this to between $4773.12 and $6656.15 in Buffalo.
Another way to look at it, a window upgrade in Hartsdale can add anywhere from 0.44% percent and 2.27 % 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Hartsdale homeowner is relatively strong.
The variation between the range for Hartsdale and Buffalo, which for reference, would yield a potential premium range of 0.31% percent and 0.43% percent respectively, may come from a number of factors, primarily; the 4.64% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and heating & cooling cost differences between Hartsdale and Buffalo.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and expert research conducted by the National Association of Homebuilders. Hartsdale home value data is provided by Zillow.
Data Sources & Disclaimers
Sources:
https://www.bls.gov/regions/
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption
https://www.energy.gov/energysaver/design/windows-doors-and-skylights/update-or-replace-windows
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption#by%20end%20uses
https://openei.org/wiki/NSTAR_Electric_Company
https://www.aceee.org/press/2018/10/aceee-2018-state-energy-efficiency
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187724.php?page_id=32&pid=NAH
http://eyeonhousing.org/2019/04/how-much-are-buyers-willing-to-pay-for-energy-efficiency/
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187731.php
https://www.remodeling.hw.net/cost-vs-value/2020/new-england/
Disclaimer: The information on our website is general in nature and is not intended as a substitute for competent legal, financial or engineering advice.
Although National Vinyl is a Member of the National Homebuilders association and TrustGard windows are the recipient of EnergyStar’s “Most Efficient”,
we wish to state clearly and unequivocally: the information provided does not consitute an endorsement by or from any third party. We make no representation as to the accuracy of the information entered by third parties.We, our directors or shareholders disclaim any liability for any damages or loss arising from your use thereof.
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Energy Savings & ROI: Hartsdale vs the rest of New York
Find out how investing in new windows in Hartsdale compares to other nearby New York cities.