Value You Can Measure
Poughkeepsie homeowners have countless valid reasons to change their windows. Upgrading damaged windows, revamping the decor of your home etc… Other such benefits can be counted relatively explicitly.
Firstly, 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 Poughkeepsie, can expect to have impressive declines on monthly bill for heating & cooling. If you already have dual pane windows you may save about $195.26 compared to $174 in Buffalo. In contrast, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $586.97 annually, compared to $452 in Buffalo.
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Grow your Poughkeepsie Home’s Asking Price through Energy Savings
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Switching your windows to EnergyStar rated National Vinyl windows can add to 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.
Moreover, many buyers are willing to pay a premium for energy savings. Here we try to ascertain : What’s the return on energy savings if you put your house up for sale? What follows is what we found in Poughkeepsie:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Poughkeepsie, your home value could increase by between $1171.53 and $1714.34 for a mid-tier or top-tier Poughkeepsie home respectively. Compare this to, the same replacement in Buffalo could yield somewhere between $1044 and $1527.72.
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Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Poughkeepsie homeowners could see an estimated home value increase of between $3521.83 for mid-tier homes and $5153.61 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.
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Another way to look at it, a window upgrade in Poughkeepsie can add between 0.47% percent and 2.08 % percent to the value of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Poughkeepsie homeowner is relatively clear.
The variation between the range for Poughkeepsie and Buffalo, which for reference, would yield a potential premium range of 0.42% percent and 0.62% percent respectively, can be estimated from a number of factors, primarily; the 1.36% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and heating & cooling cost differences between Poughkeepsie and Buffalo.
The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research done by the NAHB. Poughkeepsie home value data is provided by Zillow.
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