Savings Category: Replacement Window Savings

Description

Value You Can Measure

Peekskill homeowners have a multitude valid reasons to change their windows. Updating broken windows, revamping the style of your home etc… Many such benefits can be calculated quite 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.

As for energy savings, people living in Peekskill, are likely to experience large drops on monthly costs for energy. If you already have dual pane windows you could save about $209.6 compared to $174 in Buffalo. Whereas, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $678.09 per annum, compared to $452 in Buffalo.

Build your Peekskill Home’s Value through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows could 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 find out : What’s the return on investment on energy savings when selling the house? Below is what we uncovered in Peekskill:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Peekskill, your home value could increase by between $1257.63 and $1840.33 for a mid-tier or top-tier Peekskill home respectively. For comparison, the same upgrade in Buffalo could add somewhere between $1044 and $1527.72.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Peekskill homeowners may expect an estimated home value gain of between $4068.51 for mid-tier homes and $5953.59 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

In other words, a window upgrade in Peekskill can add between 0.37% percent and 1.73 % percent to the sale price of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Peekskill homeowner is quite strong.

The variation between the range for Peekskill and Buffalo, which for reference, would yield a potential premium range of 0.3% percent and 0.45% percent respectively, is dependent on a number of factors, in particular; the 2.27% 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 energy cost differences between Peekskill and Buffalo.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and meticulous research executed by the National Association of Homebuilders. Peekskill home value data is provided by Zillow.

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

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