Savings Category: Replacement Window Savings

Description

Value You Can Measure

Hunter homeowners have a whole host strong reasons to change their windows. Replacing broken windows, changing the decor of your home etc… Certain such benefits should be measured relatively accurately.

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.

As for energy savings, homes in Hunter, may notice significant drops on weekly costs for home energy. If you already have dual pane windows you could save about $189.55 compared to $174 in Buffalo. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $550.77 every year, compared to $452 in Buffalo.

Improve your Hunter Home’s Value through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows may increase 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 evaluate : What’s the ROI on energy savings when it comes time to sell? This is what we estimated in Hunter:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Hunter, your home value could increase by between $1137.33 and $1664.29 for a mid-tier or top-tier Hunter home respectively. For comparison, the same upgrade in Buffalo could yield somewhere between $1044 and $1527.72.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Hunter homeowners could see an estimated home value increase of between $3304.61 for mid-tier homes and $4835.75 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

Put differently, a window upgrade in Hunter can add anywhere from 0.54% percent and 2.31 % 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Hunter homeowner is relatively clear.

The variation between the range for Hunter and Buffalo, which for reference, would yield a potential premium range of 0.5% percent and 0.73% percent respectively, may come from a number of factors, in particular; the 0.99% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the region, and energy cost differences between Hunter and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and extensive research done by the NAHB. Hunter home value data is provided by Zillow.

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