Savings Category: Replacement Window Savings

Description

Value You Can Measure

Niverville property owners have plenty great reasons to change their windows. Replacing damaged windows, renewing the aesthetics of your home etc… Some such benefits should be quantified relatively clearly.

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

With regards to energy savings, residents of Niverville, should have significant savings on weekly bill for electricity. If you already have dual pane windows you may save approximately $187.01 compared to $174 in Buffalo. In contrast, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $534.62 annually, compared to $452 in Buffalo.

Improve your Niverville Home’s Value through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows may increase 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 ascertain : What’s the return on energy savings if you put your house up for sale? Here is what we discovered in Niverville:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Niverville, your home value could increase by around $1122.06 and $1641.95 for a mid-tier or top-tier Niverville home respectively. Compare this to, 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. Niverville homeowners may expect an estimated home value increase of between $3207.71 for mid-tier homes and $4693.94 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

Another way to look at it, a window upgrade in Niverville can add between 0.58% percent and 2.44 % 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 Niverville homeowner is relatively clear.

The variation between the range for Niverville and Buffalo, which for reference, would yield a potential premium range of 0.54% percent and 0.8% percent respectively, is derived from a number of factors, primarily; the 0.83% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Hudson region, and energy price differences between Niverville and Buffalo.

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

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