Savings Category: Replacement Window Savings

Description

Value You Can Measure

Mineola homeowners have a variety great reasons to replace their windows. Repairing old windows, improving the decor of your home etc… Certain such values should be measured quite clearly.

To begin with, windows preserve 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.

In terms of energy savings, households located in Mineola, will most probably have large reductions on annual bill for heating & cooling. If you already have dual pane windows you could save approximately $245.67 compared to $174 in Buffalo. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $907.08 per annum, compared to $452 in Buffalo.

Improve your Mineola Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can add to the asking 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 uncover : What’s the ROI on energy savings if you sell your home? Below is what we uncovered in Mineola:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Mineola, your home value could increase by between $2594.24 and $3617.69 for a mid-tier or top-tier Mineola home respectively. Compare this to, the same replacement in Buffalo may get you somewhere between $1837.44 and $2562.32.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Mineola homeowners could yield an estimated home value gain of between $9578.78 for mid-tier homes and $13357.68 for the top tier. Compare this to between $4773.12 and $6656.15 in Buffalo.

In other words, a window upgrade in Mineola can add anywhere from 0.44% percent and 2.28 % percent to the value of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Mineola homeowner is quite strong.

The variation between the range for Mineola and Buffalo, which for reference, would yield a potential premium range of 0.31% percent and 0.44% percent respectively, may come from a number of factors, especially; the 4.58% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and heating & cooling cost differences between Mineola and Buffalo.

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

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

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