Description
Value You Can Measure
Port Leyden residents have many great reasons to upgrade their windows. Fixing old windows, changing the aesthetics of your home etc… Certain such benefits may be calculated quite explicitly.
First of all, windows retain 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.
In terms of energy savings, people living in Port Leyden, are likely to see large declines on daily costs for energy. If you already have dual pane windows you could save about $172.11 compared to $174 in Buffalo. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $440.02 annually, compared to $452 in Buffalo.
Grow your Port Leyden Home’s Value through Energy Savings
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Upgrading 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.
In addition, many buyers are willing to pay a premium for energy savings. Here we try to uncover : What’s the return on energy savings if you put your house up for sale? Here is what we discovered in Port Leyden:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Port Leyden, your home value could increase by around $860.57 and $1144.56 for a mid-tier or top-tier Port Leyden home respectively. Compare this to, the same replacement in Buffalo could add somewhere between $870 and $1157.1.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Port Leyden homeowners could yield an estimated home value gain of between $2200.12 for mid-tier homes and $2926.16 for the top tier. Compare this to between $2260 and $3005.8 in Buffalo.
In other words, a window investment in Port Leyden can add between 0.93% percent and 3.17 % percent to the value of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Port Leyden homeowner is relatively strong.
The variation between the range for Port Leyden and Buffalo, which for reference, would yield a potential premium range of 0.94% percent and 1.25% percent respectively, may come from a number of factors, primarily; the -0.12% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the region, and heating & cooling cost differences between Port Leyden and Buffalo.
The data presented is based on EnergyStar, the NREL,Department of Energy and expert research conducted by the National Association of Homebuilders. Port Leyden 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: Port Leyden vs the rest of New York
Find out how investing in new windows in Port Leyden compares to other nearby New York cities.