Value You Can Measure
Palatine Bridge property owners have a whole host excellent reasons to upgrade their windows. Upgrading broken windows, revamping the design of your home etc… Many such features can be calculated quite clearly.
First of all, windows maintain 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.
In terms of energy savings, residents of Palatine Bridge, can expect to see large savings on daily costs for heating & cooling. If you already have dual pane windows you could save around $175.66 compared to $174 in Buffalo. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $462.56 per annum, compared to $452 in Buffalo.
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Build your Palatine Bridge Home’s Resale Price through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows can increase 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 evaluate : What’s the premium for energy savings when selling the house? Here is what we uncovered in Palatine Bridge:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Palatine Bridge, your home value could increase by around $878.31 and $1168.15 for a mid-tier or top-tier Palatine Bridge home respectively. Compare this to, the same replacement in Buffalo may get you somewhere between $870 and $1157.1.
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Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Palatine Bridge homeowners may expect an estimated home value gain of between $2312.78 for mid-tier homes and $3075.99 for the top tier. Compare this to between $2260 and $3005.8 in Buffalo.
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Another way to look at it, a window investment in Palatine Bridge can add between 0.76% percent and 2.65 % percent to the asking price of your home through the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Palatine Bridge homeowner is relatively strong.
The variation between the range for Palatine Bridge and Buffalo, which for reference, would yield a potential premium range of 0.75% percent and 1% percent respectively, can be estimated from a number of factors, primarily; the 0.11% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Amsterdam region, and energy price differences between Palatine Bridge and Buffalo.
The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research conducted by the National Association of Homebuilders. Palatine Bridge home value data is provided by Zillow.
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