Savings Category: Replacement Window Savings

Description

Value You Can Measure

Prattsville homeowners have a multitude strong reasons to replace their windows. Fixing damaged windows, improving the look and feel of your home etc… Other such features may be counted rather explicitly.

To start, windows preserve 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, homes in Prattsville, could notice major declines on annual expenditures for energy. If you already have dual pane windows you could save around $182.12 compared to $174 in Buffalo. Whereas, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $503.55 annually, compared to $452 in Buffalo.

Increase your Prattsville Home’s Asking Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may 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 answer the question : What’s the premium for energy savings when it comes time to sell? What follows is what we found in Prattsville:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Prattsville, your home value could increase by between $1092.71 and $1599 for a mid-tier or top-tier Prattsville home respectively. Compare this to, the same replacement in Buffalo could add somewhere between $1044 and $1527.72.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Prattsville homeowners may expect an estimated home value gain of between $3021.31 for mid-tier homes and $4421.19 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

Put differently, a window upgrade in Prattsville can add anywhere from 0.69% percent and 2.78 % percent to the value of your home via 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 Prattsville homeowner is quite strong.

The variation between the range for Prattsville and Buffalo, which for reference, would yield a potential premium range of 0.66% percent and 0.96% percent respectively, is derived from a number of factors, especially; the 0.52% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the region, and energy price differences between Prattsville and Buffalo.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and incredible research done by the National Association of Homebuilders. Prattsville home value data is provided by Zillow.

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

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