Description
Value You Can Measure
Lake Katrine residents have plenty excellent reasons to upgrade their windows. Replacing damaged windows, refining the decor of your home etc… Certain such benefits may be measured quite exactly.
Firstly, windows retain about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This sets windows among the top 5 home improvement investments in terms of value retention.
In terms of energy savings, households located in Lake Katrine, are likely to see considerable decreases on daily spending for energy. If you already have dual pane windows you could save around $188.1 compared to $174 in Buffalo. In contrast, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $541.53 per annum, compared to $452 in Buffalo.
Improve your Lake Katrine Home’s Resale Price through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows could increase the sale 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 find out : What’s the premium for energy savings when it comes time to sell? The following is what we discovered in Lake Katrine:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Lake Katrine, your home value could increase by around $1128.6 and $1651.52 for a mid-tier or top-tier Lake Katrine home respectively. Compare this to, the same replacement 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. Lake Katrine homeowners could see an estimated home value increase of between $3249.21 for mid-tier homes and $4754.68 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.
Another way to look at it, a window upgrade in Lake Katrine can add anywhere from 0.57% percent and 2.39 % percent to the value of your home through 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 Lake Katrine homeowner is quite clear.
The variation between the range for Lake Katrine and Buffalo, which for reference, would yield a potential premium range of 0.52% percent and 0.77% percent respectively, is dependent on a number of factors, principally; the 0.9% 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 price differences between Lake Katrine and Buffalo.
The data presented is based on EnergyStar, the NREL,Department of Energy and incredible research conducted by the NAHB. Lake Katrine home value data is provided by Zillow.
Data Sources & Disclaimers
Sources:
https://www.bls.gov/regions/
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption
https://www.energy.gov/energysaver/design/windows-doors-and-skylights/update-or-replace-windows
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption#by%20end%20uses
https://openei.org/wiki/NSTAR_Electric_Company
https://www.aceee.org/press/2018/10/aceee-2018-state-energy-efficiency
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187724.php?page_id=32&pid=NAH
http://eyeonhousing.org/2019/04/how-much-are-buyers-willing-to-pay-for-energy-efficiency/
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187731.php
https://www.remodeling.hw.net/cost-vs-value/2020/new-england/
Disclaimer: The information on our website is general in nature and is not intended as a substitute for competent legal, financial or engineering advice.
Although National Vinyl is a Member of the National Homebuilders association and TrustGard windows are the recipient of EnergyStar’s “Most Efficient”,
we wish to state clearly and unequivocally: the information provided does not consitute an endorsement by or from any third party. We make no representation as to the accuracy of the information entered by third parties.We, our directors or shareholders disclaim any liability for any damages or loss arising from your use thereof.
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Energy Savings & ROI: Lake Katrine vs the rest of New York
Find out how investing in new windows in Lake Katrine compares to other nearby New York cities.