Savings Category: Replacement Window Savings

Description

Value You Can Measure

New Paltz residents have a variety valid reasons to replace their windows. Upgrading broken windows, improving the design of your home etc… Some such benefits should be counted rather 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 sets windows among the top 5 home improvement investments in terms of value retention.

With regards to energy savings, residents of New Paltz, should have large declines on monthly bill for home energy. If you already have dual pane windows you could save approximately $205.05 compared to $174 in Buffalo. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $649.14 per annum, compared to $452 in Buffalo.

Build your New Paltz Home’s Asking Price through Energy Savings

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Switching 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 find out : What’s the return on investment on energy savings if you sell your home? This is what we found in New Paltz:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in New Paltz, your home value could increase by between $1230.28 and $1800.31 for a mid-tier or top-tier New Paltz home respectively. For comparison, the same upgrade 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. New Paltz homeowners may expect an estimated home value gain of between $3894.85 for mid-tier homes and $5699.46 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

Another way to look at it, a window investment in New Paltz can add between 0.39% percent and 1.82 % 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 initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a New Paltz homeowner is quite clear.

The variation between the range for New Paltz and Buffalo, which for reference, would yield a potential premium range of 0.33% percent and 0.49% percent respectively, can be estimated from a number of factors, especially; the 1.98% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Kingston region, and heating & cooling price differences between New Paltz and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and incredible research performed by the NAHB. New Paltz home value data is provided by Zillow.

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