Savings Category: Replacement Window Savings

Description

Value You Can Measure

Orient homeowners have plenty excellent reasons to replace their windows. Fixing broken windows, refining the decor of your home etc… Certain such values may be counted relatively exactly.

For starters, 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.

As for energy savings, households located in Orient, can expect to experience significant savings on annual costs for energy. If you already have dual pane windows you may save around $308.4 compared to $174 in Buffalo. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $1305.42 per year, compared to $452 in Buffalo.

Build your Orient Home’s Asking Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may 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 figure out : What’s the ROI on energy savings when it comes time to sell? The following is what we estimated in Orient:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Orient, your home value could increase by between $4009.18 and $6349.62 for a mid-tier or top-tier Orient home respectively. Compare this to, the same replacement in Buffalo could yield somewhere between $2262 and $3582.49.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Orient homeowners could see an estimated home value increase of between $16970.48 for mid-tier homes and $26877.33 for the top tier. Compare this to between $5876 and $9306.23 in Buffalo.

Put differently, a window upgrade in Orient can add between 0.4% percent and 2.67 % 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 initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Orient homeowner is relatively strong.

The variation between the range for Orient and Buffalo, which for reference, would yield a potential premium range of 0.23% percent and 0.36% percent respectively, may come from a number of factors, in particular; the 8.58% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and energy cost differences between Orient and Buffalo.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and meticulous research done by the NAHB. Orient home value data is provided by Zillow.

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

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