Savings Category: Replacement Window Savings

Description

Value You Can Measure

Parish property owners have a variety excellent reasons to change their windows. Repairing old windows, revamping the look and feel of your home etc… Many such features may be calculated rather clearly.

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.

With regards to energy savings, residents of Parish, should notice major declines on monthly expenditures for electricity. If you already have dual pane windows you could save about $178.46 compared to $174 in Buffalo. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $480.3 every year, compared to $452 in Buffalo.

Improve your Parish Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may add to 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 premium for energy savings on the market? What follows is what we estimated in Parish:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Parish, your home value could increase by around $892.28 and $1186.74 for a mid-tier or top-tier Parish home respectively. Compare this to, the same replacement in Buffalo could yield somewhere between $870 and $1157.1.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Parish homeowners could see an estimated home value increase of between $2401.49 for mid-tier homes and $3193.98 for the top tier. Compare this to between $2260 and $3005.8 in Buffalo.

Put differently, a window investment in Parish can add anywhere from 0.66% percent and 2.37 % 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 initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Parish homeowner is relatively clear.

The variation between the range for Parish and Buffalo, which for reference, would yield a potential premium range of 0.65% percent and 0.86% percent respectively, is derived from a number of factors, especially; the 0.28% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Syracuse region, and energy cost differences between Parish and Buffalo.

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

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

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