Description
Value You Can Measure
Middleburgh residents have countless valid reasons to upgrade their windows. Upgrading old windows, revamping the aesthetics of your home etc… Certain such features should be measured relatively precisely.
To start, windows retain about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This places windows among the top 5 home improvement investments in terms of value retention.
With regards to energy savings, people living in Middleburgh, are likely to experience impressive decreases on monthly costs for heating & cooling. If you already have dual pane windows you could save approximately $179.13 compared to $174 in Buffalo. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $484.59 per annum, compared to $452 in Buffalo.
Build your Middleburgh Home’s Value through Energy Savings
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Replacing 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.
Moreover, many buyers are willing to pay a premium for energy savings. Here we try to find out : What’s the return on energy savings if you put your house up for sale? This is what we estimated in Middleburgh:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Middleburgh, your home value could increase by between $895.66 and $1191.23 for a mid-tier or top-tier Middleburgh home respectively. For comparison, the same upgrade in Buffalo could yield somewhere between $870 and $1157.1.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Middleburgh homeowners could yield an estimated home value increase of between $2422.93 for mid-tier homes and $3222.49 for the top tier. Compare this to between $2260 and $3005.8 in Buffalo.
Another way to look at it, a window upgrade in Middleburgh can add between 0.64% percent and 2.31 % percent to the sale price of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Middleburgh homeowner is quite clear.
The variation between the range for Middleburgh and Buffalo, which for reference, would yield a potential premium range of 0.62% percent and 0.83% percent respectively, may come from a number of factors, primarily; the 0.33% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Albany-Schenectady-Troy region, and heating & cooling cost differences between Middleburgh and Buffalo.
The data presented is derived from EnergyStar, the NREL,Department of Energy and meticulous research executed by the NAHB. Middleburgh 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: Middleburgh vs the rest of New York
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