Savings Category: Replacement Window Savings

Description

Value You Can Measure

Mount Vernon property owners have a whole host excellent reasons to change their windows. Fixing old windows, changing the aesthetics of your home etc… Other such benefits should be calculated rather accurately.

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, people living in Mount Vernon, may have major decreases on weekly spending for electricity. If you already have dual pane windows you could save around $231.47 compared to $174 in Buffalo. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $816.96 annually, compared to $452 in Buffalo.

Improve your Mount Vernon Home’s Value through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows can 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 find out : What’s the premium for energy savings on the market? This is what we uncovered in Mount Vernon:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Mount Vernon, your home value could increase by between $1388.85 and $2032.34 for a mid-tier or top-tier Mount Vernon 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. Mount Vernon homeowners could expect an estimated home value increase of between $4901.75 for mid-tier homes and $7172.89 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

Another way to look at it, a window upgrade in Mount Vernon can add between 0.28% percent and 1.46 % 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 upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Mount Vernon homeowner is quite clear.

The variation between the range for Mount Vernon and Buffalo, which for reference, would yield a potential premium range of 0.21% percent and 0.31% percent respectively, is derived from a number of factors, primarily; the 3.67% 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 energy cost differences between Mount Vernon and Buffalo.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and professional research executed by the NAHB. Mount Vernon home value data is provided by Zillow.

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Energy Savings & ROI: Mount Vernon vs the rest of New York

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