Description
Value You Can Measure
Port Ewen residents have many strong reasons to change their windows. Fixing damaged windows, renewing the decor of your home etc… Many such benefits can be measured rather exactly.
To start, windows conserve 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.
As for energy savings, homeowners in Port Ewen, are likely to experience large drops on daily spending for home energy. If you already have dual pane windows you may save around $190.09 compared to $174 in Buffalo. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $554.18 annually, compared to $452 in Buffalo.
Increase your Port Ewen Home’s Resale Price through Energy Savings
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Switching your windows to EnergyStar rated National Vinyl windows could add to the sale 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.
Moreover, many buyers are willing to pay a premium for energy savings. Here we try to ascertain : What’s the return on investment on energy savings if you put your house up for sale? This is what we found in Port Ewen:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Port Ewen, your home value could increase by between $1140.55 and $1669 for a mid-tier or top-tier Port Ewen home respectively. Compare this to, the same replacement in Buffalo may get you somewhere between $1044 and $1527.72.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Port Ewen homeowners may see an estimated home value gain of between $3325.07 for mid-tier homes and $4865.69 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.
In other words, a window upgrade in Port Ewen can add between 0.54% percent and 2.29 % 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Port Ewen homeowner is relatively clear.
The variation between the range for Port Ewen and Buffalo, which for reference, would yield a potential premium range of 0.49% percent and 0.72% percent respectively, is derived from a number of factors, in particular; the 1.03% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Kingston region, and heating & cooling cost differences between Port Ewen and Buffalo.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and meticulous research performed by the National Association of Homebuilders. Port Ewen 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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