Savings Category: Replacement Window Savings

Description

Value You Can Measure

Ogdensburg residents have plenty excellent reasons to change their windows. Fixing leaky windows, improving the design of your home etc… Some such benefits may be counted quite clearly.

To begin with, windows maintain 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.

With regards to energy savings, residents of Ogdensburg, can expect to experience significant decreases on weekly costs for heating & cooling. If you already have dual pane windows you could save approximately $109.15 compared to $100 in Atlantic City. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $335.26 every year, compared to $274 in Atlantic City.

Build your Ogdensburg Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could add to the sale 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to find out : What’s the ROI on energy savings if you put your house up for sale? Below is what we estimated in Ogdensburg:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Ogdensburg, your home value could increase by around $654.88 and $958.3 for a mid-tier or top-tier Ogdensburg home respectively. Compare this to, the same replacement in Atlantic City could add somewhere between $600 and $878.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Ogdensburg homeowners could yield an estimated home value gain of between $2011.56 for mid-tier homes and $2943.58 for the top tier. Compare this to between $1644 and $2405.72 in Atlantic City.

Put differently, a window upgrade in Ogdensburg can add anywhere from 0.28% percent and 1.27 % percent to the asking price 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 upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Ogdensburg homeowner is quite strong.

The variation between the range for Ogdensburg and Atlantic City, which for reference, would yield a potential premium range of 0.26% percent and 0.38% percent respectively, is derived from a number of factors, principally; the 1.02% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and heating & cooling price differences between Ogdensburg and Atlantic City.

The data presented is derived from EnergyStar, the NREL,Department of Energy and incredible research conducted by the NAHB. Ogdensburg home value data is provided by Zillow.

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Energy Savings & ROI: Ogdensburg vs the rest of New Jersey

Find out how investing in new windows in Ogdensburg compares to other nearby New Jersey cities.