Savings Category: Replacement Window Savings

Description

Value You Can Measure

Morris residents have plenty good reasons to upgrade their windows. Updating damaged windows, renewing the decor of your home etc… Certain such benefits can be measured relatively accurately.

To begin with, 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, households located in Morris, should experience important declines on annual costs for energy. If you already have dual pane windows you could save about $178.38 compared to $174 in Buffalo. Whereas, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $479.8 per year, compared to $452 in Buffalo.

Increase your Morris Home’s Value 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to find out : What’s the premium for energy savings if you put your house up for sale? This is what we estimated in Morris:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Morris, your home value could increase by around $891.89 and $1186.22 for a mid-tier or top-tier Morris home respectively. Compare this to, the same replacement in Buffalo may get you somewhere between $870 and $1157.1.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Morris homeowners may see an estimated home value increase of between $2399.01 for mid-tier homes and $3190.68 for the top tier. Compare this to between $2260 and $3005.8 in Buffalo.

In other words, a window investment in Morris can add between 0.66% percent and 2.38 % 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Morris homeowner is quite strong.

The variation between the range for Morris and Buffalo, which for reference, would yield a potential premium range of 0.65% percent and 0.86% percent respectively, can be estimated from a number of factors, notably; the 0.28% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Oneonta region, and energy cost differences between Morris and Buffalo.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and incredible research conducted by the NAHB. Morris home value data is provided by Zillow.

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

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