Savings Category: Replacement Window Savings

Description

Value You Can Measure

Oceanside homeowners have countless excellent reasons to replace their windows. Repairing old windows, renewing the design of your home etc… Certain such features should be quantified relatively accurately.

To start, windows retain 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, households located in Oceanside, can expect to have dramatic decreases on daily spending for home energy. If you already have dual pane windows you could save around $238.03 compared to $174 in Buffalo. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $858.61 per year, compared to $452 in Buffalo.

Grow your Oceanside 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to determine : What’s the return on energy savings if you sell your home? What follows is what we discovered in Oceanside:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Oceanside, your home value could increase by between $2513.63 and $3505.28 for a mid-tier or top-tier Oceanside home respectively. For comparison, the same upgrade in Buffalo could yield somewhere between $1837.44 and $2562.32.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Oceanside homeowners may yield an estimated home value increase of between $9066.91 for mid-tier homes and $12643.87 for the top tier. Compare this to between $4773.12 and $6656.15 in Buffalo.

In other words, a window investment in Oceanside can add anywhere from 0.47% percent and 2.37 % percent to the sale price of your home via the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Oceanside homeowner is relatively clear.

The variation between the range for Oceanside and Buffalo, which for reference, would yield a potential premium range of 0.34% percent and 0.48% percent respectively, may come from a number of factors, primarily; the 4.09% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and heating & cooling cost differences between Oceanside and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and expert research conducted by the NAHB. Oceanside home value data is provided by Zillow.

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

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