Savings Category: Replacement Window Savings

Description

Value You Can Measure

Plattsburgh property owners have a multitude valid reasons to change their windows. Repairing old windows, changing the aesthetics of your home etc… Many such features may be quantified relatively exactly.

To begin with, windows retain about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This puts windows among the top 5 home improvement investments in terms of value retention.

In terms of energy savings, households located in Plattsburgh, will most probably have important declines on monthly spending for electricity. If you already have dual pane windows you may save approximately $181 compared to $174 in Buffalo. On the other hand, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $496.44 per year, compared to $452 in Buffalo.

Improve your Plattsburgh Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to figure out : What’s the premium for energy savings on the market? Below is what we found in Plattsburgh:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Plattsburgh, your home value could increase by around $1085.99 and $1589.17 for a mid-tier or top-tier Plattsburgh home respectively. Compare this to, the same replacement in Buffalo could yield somewhere between $1044 and $1527.72.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Plattsburgh homeowners may expect an estimated home value increase of between $2978.63 for mid-tier homes and $4358.73 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

Put differently, a window upgrade in Plattsburgh can add anywhere from 0.72% percent and 2.87 % percent to the asking price of your home by way of 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 Plattsburgh homeowner is quite clear.

The variation between the range for Plattsburgh and Buffalo, which for reference, would yield a potential premium range of 0.69% percent and 1.01% percent respectively, can be estimated from a number of factors, particularly; the 0.45% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Plattsburgh region, and energy price differences between Plattsburgh and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and professional research executed by the NAHB. Plattsburgh home value data is provided by Zillow.

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

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