Savings Category: Replacement Window Savings

Description

Value You Can Measure

Manlius residents have plenty good reasons to change their windows. Replacing broken windows, renewing the aesthetics of your home etc… Some such values can be counted quite accurately.

Firstly, windows conserve 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, homes in Manlius, will most probably have impressive declines on annual bill for energy. If you already have dual pane windows you could save about $190.52 compared to $174 in Buffalo. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $556.9 per year, compared to $452 in Buffalo.

Increase your Manlius Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can add to 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.

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 selling the house? What follows is what we estimated in Manlius:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Manlius, your home value could increase by around $1143.12 and $1672.76 for a mid-tier or top-tier Manlius 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. Manlius homeowners may expect an estimated home value increase of between $3341.38 for mid-tier homes and $4889.56 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

Another way to look at it, a window investment in Manlius can add between 0.53% percent and 2.27 % 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 Manlius homeowner is quite strong.

The variation between the range for Manlius and Buffalo, which for reference, would yield a potential premium range of 0.48% percent and 0.71% percent respectively, may come from a number of factors, particularly; the 1.05% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Syracuse region, and heating & cooling price differences between Manlius and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research conducted by the National Association of Homebuilders. Manlius home value data is provided by Zillow.

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

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