Savings Category: Replacement Window Savings

Description

Value You Can Measure

Huntington residents have a variety good reasons to change their windows. Fixing old windows, revamping the design of your home etc… Certain such benefits can be quantified relatively explicitly.

To start, windows maintain 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, residents of Huntington, can expect to experience significant savings on daily costs for energy. If you already have dual pane windows you may save about $314.18 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 $1342.15 per year, compared to $452 in Buffalo.

Increase your Huntington Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could 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.

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 sell your home? The following is what we estimated in Huntington:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Huntington, your home value could increase by around $4084.37 and $6468.7 for a mid-tier or top-tier Huntington home respectively. Compare this to, the same upgrade in Buffalo could add somewhere between $2262 and $3582.49.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Huntington homeowners could see an estimated home value gain of between $17447.95 for mid-tier homes and $27633.52 for the top tier. Compare this to between $5876 and $9306.23 in Buffalo.

Put differently, a window investment in Huntington can add between 0.39% percent and 2.65 % percent to the sale price of your home by way of 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 Huntington homeowner is quite clear.

The variation between the range for Huntington and Buffalo, which for reference, would yield a potential premium range of 0.22% percent and 0.34% percent respectively, may come from a number of factors, particularly; the 8.95% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and energy cost differences between Huntington and Buffalo.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and professional research performed by the NAHB. Huntington home value data is provided by Zillow.

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

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