Savings Category: Replacement Window Savings

Description

Value You Can Measure

Morrisonville residents have a variety excellent reasons to change their windows. Replacing broken windows, improving the aesthetics of your home etc… Other such benefits may be quantified relatively accurately.

First of all, 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, people living in Morrisonville, will most probably see important savings on daily bill for electricity. If you already have dual pane windows you may save about $183.7 compared to $174 in Buffalo. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $513.6 annually, compared to $452 in Buffalo.

Increase your Morrisonville Home’s Resale Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows could 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 figure out : What’s the return on energy savings if you sell your home? Below is what we estimated in Morrisonville:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Morrisonville, your home value could increase by around $1102.21 and $1612.89 for a mid-tier or top-tier Morrisonville home respectively. For comparison, the same replacement in Buffalo could add somewhere between $1044 and $1527.72.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Morrisonville homeowners may yield an estimated home value increase of between $3081.6 for mid-tier homes and $4509.41 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

In other words, a window upgrade in Morrisonville can add between 0.65% percent and 2.66 % percent to the value of your home by way of 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 Morrisonville homeowner is relatively strong.

The variation between the range for Morrisonville and Buffalo, which for reference, would yield a potential premium range of 0.61% percent and 0.9% percent respectively, may come from a number of factors, principally; the 0.62% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Plattsburgh region, and energy cost differences between Morrisonville and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and extensive research performed by the National Association of Homebuilders. Morrisonville home value data is provided by Zillow.

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

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