Savings Category: Replacement Window Savings

Description

Value You Can Measure

Hurley homeowners have many great reasons to replace their windows. Upgrading leaky windows, refining the aesthetics of your home etc… Some such values may be measured rather exactly.

First of all, windows conserve 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.

As for energy savings, households located in Hurley, will most probably experience important decreases on weekly bill for home energy. If you already have dual pane windows you may save about $195.19 compared to $174 in Buffalo. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $586.58 per year, compared to $452 in Buffalo.

Increase your Hurley Home’s Resale Price through Energy Savings

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Upgrading 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to ascertain : What’s the return on energy savings if you sell your home? The following is what we found in Hurley:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Hurley, your home value could increase by around $1171.17 and $1713.81 for a mid-tier or top-tier Hurley 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. Hurley homeowners may yield an estimated home value gain of between $3519.5 for mid-tier homes and $5150.2 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

Put differently, a window investment in Hurley can add between 0.47% percent and 2.09 % percent to the value of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Hurley homeowner is relatively strong.

The variation between the range for Hurley and Buffalo, which for reference, would yield a potential premium range of 0.42% percent and 0.62% percent respectively, may come from a number of factors, primarily; the 1.35% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Kingston region, and heating & cooling cost differences between Hurley and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research conducted by the NAHB. Hurley home value data is provided by Zillow.

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