Savings Category: Replacement Window Savings

Description

Value You Can Measure

Milton property owners have countless valid reasons to change their windows. Fixing damaged windows, revamping the decor of your home etc… Certain such values should be calculated rather precisely.

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 places windows among the top 5 home improvement investments in terms of value retention.

As for energy savings, residents of Milton, will most probably see large decreases on weekly expenditures for electricity. If you already have dual pane windows you could save around $196.53 compared to $174 in Buffalo. On the other hand, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $595.09 per annum, compared to $452 in Buffalo.

Build your Milton Home’s Resale Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows may 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 ascertain : What’s the return on energy savings when it comes time to sell? The following is what we estimated in Milton:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Milton, your home value could increase by around $1179.21 and $1725.57 for a mid-tier or top-tier Milton 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. Milton homeowners could yield an estimated home value gain of between $3570.56 for mid-tier homes and $5224.92 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

Another way to look at it, a window upgrade in Milton can add anywhere from 0.46% percent and 2.04 % percent to the sale price 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 Milton homeowner is relatively strong.

The variation between the range for Milton and Buffalo, which for reference, would yield a potential premium range of 0.41% percent and 0.6% percent respectively, may come from a number of factors, notably; the 1.44% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Kingston region, and heating & cooling cost differences between Milton and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and meticulous research done by the NAHB. Milton home value data is provided by Zillow.

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

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