Savings Category: Replacement Window Savings

Description

Value You Can Measure

Holtsville residents have many good reasons to change their windows. Replacing damaged windows, revamping the aesthetics of your home etc… Some such values should be quantified rather exactly.

First of all, windows preserve 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 Holtsville, will most probably notice important reductions on monthly bill for energy. If you already have dual pane windows you could save around $220.51 compared to $174 in Buffalo. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $747.32 every year, compared to $452 in Buffalo.

Grow your Holtsville Home’s Resale Price through Energy Savings

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Replacing 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to figure out : What’s the ROI on energy savings if you put your house up for sale? Below is what we uncovered in Holtsville:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Holtsville, your home value could increase by around $1323.05 and $1936.06 for a mid-tier or top-tier Holtsville home respectively. For comparison, the same replacement in Buffalo could add somewhere between $1044 and $1527.72.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Holtsville homeowners could see an estimated home value gain of between $4483.94 for mid-tier homes and $6561.49 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

In other words, a window upgrade in Holtsville can add anywhere from 0.32% percent and 1.58 % percent to the value of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Holtsville homeowner is quite strong.

The variation between the range for Holtsville and Buffalo, which for reference, would yield a potential premium range of 0.25% percent and 0.37% percent respectively, is dependent on a number of factors, notably; the 2.97% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and energy cost differences between Holtsville and Buffalo.

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

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

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