Savings Category: Replacement Window Savings

Description

Value You Can Measure

Mastic Beach property owners have a whole host excellent reasons to upgrade their windows. Replacing damaged windows, revamping the aesthetics of your home etc… Some such values should be calculated rather explicitly.

For starters, 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.

With regards to energy savings, households located in Mastic Beach, are likely to have dramatic declines on weekly bill for electricity. If you already have dual pane windows you could save about $193.83 compared to $174 in Buffalo. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $577.91 annually, compared to $452 in Buffalo.

Grow your Mastic Beach Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can 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 uncover : What’s the return on investment on energy savings if you sell your home? What follows is what we found in Mastic Beach:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Mastic Beach, your home value could increase by between $1162.97 and $1701.82 for a mid-tier or top-tier Mastic Beach 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. Mastic Beach homeowners may see an estimated home value increase of between $3467.47 for mid-tier homes and $5074.06 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

Another way to look at it, a window investment in Mastic Beach can add anywhere from 0.49% percent and 2.14 % percent to the sale price of your home via the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Mastic Beach homeowner is quite clear.

The variation between the range for Mastic Beach and Buffalo, which for reference, would yield a potential premium range of 0.44% percent and 0.64% percent respectively, may come from a number of factors, particularly; the 1.27% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and heating & cooling cost differences between Mastic Beach and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research executed by the NAHB. Mastic Beach home value data is provided by Zillow.

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Energy Savings & ROI: Mastic Beach vs the rest of New York

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