Description
Value You Can Measure
Poestenkill residents have a multitude valid reasons to upgrade their windows. Fixing old windows, renewing the aesthetics of your home etc… Other such features should be quantified quite precisely.
To start, 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.
As for energy savings, houses in Poestenkill, will most probably see dramatic drops on monthly costs for energy. If you already have dual pane windows you may save about $189.59 compared to $174 in Buffalo. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $550.98 annually, compared to $452 in Buffalo.
Build your Poestenkill Home’s Asking Price through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows can increase 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 if you put your house up for sale? Below is what we found in Poestenkill:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Poestenkill, your home value could increase by between $1137.52 and $1664.58 for a mid-tier or top-tier Poestenkill home respectively. Compare this to, the same upgrade 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. Poestenkill homeowners could yield an estimated home value gain of between $3305.88 for mid-tier homes and $4837.6 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.
In other words, a window investment in Poestenkill can add between 0.54% percent and 2.31 % percent to the value of your home via 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 Poestenkill homeowner is quite strong.
The variation between the range for Poestenkill and Buffalo, which for reference, would yield a potential premium range of 0.5% percent and 0.73% percent respectively, may come from a number of factors, notably; the 1% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Albany-Schenectady-Troy region, and heating & cooling price differences between Poestenkill and Buffalo.
The data presented is derived from EnergyStar, the NREL,Department of Energy and meticulous research done by the National Association of Homebuilders. Poestenkill home value data is provided by Zillow.
Data Sources & Disclaimers
Sources:
https://www.bls.gov/regions/
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption
https://www.energy.gov/energysaver/design/windows-doors-and-skylights/update-or-replace-windows
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption#by%20end%20uses
https://openei.org/wiki/NSTAR_Electric_Company
https://www.aceee.org/press/2018/10/aceee-2018-state-energy-efficiency
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187724.php?page_id=32&pid=NAH
http://eyeonhousing.org/2019/04/how-much-are-buyers-willing-to-pay-for-energy-efficiency/
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187731.php
https://www.remodeling.hw.net/cost-vs-value/2020/new-england/
Disclaimer: The information on our website is general in nature and is not intended as a substitute for competent legal, financial or engineering advice.
Although National Vinyl is a Member of the National Homebuilders association and TrustGard windows are the recipient of EnergyStar’s “Most Efficient”,
we wish to state clearly and unequivocally: the information provided does not consitute an endorsement by or from any third party. We make no representation as to the accuracy of the information entered by third parties.We, our directors or shareholders disclaim any liability for any damages or loss arising from your use thereof.
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Energy Savings & ROI: Poestenkill vs the rest of New York
Find out how investing in new windows in Poestenkill compares to other nearby New York cities.