Value You Can Measure
Jeffersonville residents have a variety excellent reasons to upgrade their windows. Fixing old windows, revamping the design of your home etc… Many such benefits can be measured relatively accurately.
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.
As for energy savings, homeowners in Jeffersonville, could see important reductions on annual expenditures for electricity. If you already have dual pane windows you may save around $177.45 compared to $174 in Buffalo. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $473.9 per annum, compared to $452 in Buffalo.
Increase your Jeffersonville Home’s Value through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows may 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 determine : What’s the return on investment on energy savings when selling the house? Here is what we found in Jeffersonville:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Jeffersonville, your home value could increase by around $887.25 and $1180.04 for a mid-tier or top-tier Jeffersonville home respectively. For comparison, the same replacement in Buffalo may get you somewhere between $870 and $1157.1.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Jeffersonville homeowners may expect an estimated home value gain of between $2369.52 for mid-tier homes and $3151.46 for the top tier. Compare this to between $2260 and $3005.8 in Buffalo.
Put differently, a window upgrade in Jeffersonville can add anywhere from 0.69% percent and 2.46 % percent to the asking price of your home by way of 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 Jeffersonville homeowner is relatively strong.
The variation between the range for Jeffersonville and Buffalo, which for reference, would yield a potential premium range of 0.68% percent and 0.9% percent respectively, can be estimated from a number of factors, primarily; the 0.22% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the region, and energy price differences between Jeffersonville and Buffalo.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and meticulous research executed by the National Association of Homebuilders. Jeffersonville home value data is provided by Zillow.
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