Savings Category: Replacement Window Savings

Description

Value You Can Measure

Nassau property owners have a multitude great reasons to replace their windows. Fixing broken windows, renewing the style of your home etc… Other such features can be calculated relatively exactly.

Firstly, windows preserve about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This sets windows among the top 5 home improvement investments in terms of value retention.

In terms of energy savings, houses in Nassau, could have significant decreases on daily expenditures for energy. If you already have dual pane windows you may save around $184.73 compared to $174 in Buffalo. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $520.17 per annum, compared to $452 in Buffalo.

Build your Nassau Home’s Value through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows may 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to answer the question : What’s the return on energy savings if you put your house up for sale? This is what we discovered in Nassau:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Nassau, your home value could increase by between $1108.41 and $1621.97 for a mid-tier or top-tier Nassau 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. Nassau homeowners may expect an estimated home value increase of between $3120.99 for mid-tier homes and $4567.05 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

Put differently, a window investment in Nassau can add anywhere from 0.63% percent and 2.58 % percent to the asking price of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Nassau homeowner is relatively strong.

The variation between the range for Nassau and Buffalo, which for reference, would yield a potential premium range of 0.59% percent and 0.86% percent respectively, is derived from a number of factors, principally; the 0.69% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Albany-Schenectady-Troy region, and heating & cooling cost differences between Nassau and Buffalo.

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

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