Savings Category: Replacement Window Savings

Description

Value You Can Measure

Preston-Potter Hollow homeowners have a whole host excellent reasons to change their windows. Upgrading leaky windows, renewing the look and feel of your home etc… Other such values should be calculated quite accurately.

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 places windows among the top 5 home improvement investments in terms of value retention.

In terms of energy savings, households located in Preston-Potter Hollow, will most probably see major decreases on daily bill for home energy. If you already have dual pane windows you could save about $179.41 compared to $174 in Buffalo. In contrast, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $486.37 every year, compared to $452 in Buffalo.

Grow your Preston-Potter Hollow Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could 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 estimate : What’s the ROI on energy savings when it comes time to sell? This is what we found in Preston-Potter Hollow:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Preston-Potter Hollow, your home value could increase by around $897.06 and $1193.09 for a mid-tier or top-tier Preston-Potter Hollow home respectively. For comparison, the same replacement in Buffalo may get you somewhere between $870 and $1157.1.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Preston-Potter Hollow homeowners may see an estimated home value increase of between $2431.83 for mid-tier homes and $3234.33 for the top tier. Compare this to between $2260 and $3005.8 in Buffalo.

Another way to look at it, a window investment in Preston-Potter Hollow can add between 0.64% percent and 2.29 % percent to the asking price 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Preston-Potter Hollow homeowner is relatively strong.

The variation between the range for Preston-Potter Hollow and Buffalo, which for reference, would yield a potential premium range of 0.62% percent and 0.82% percent respectively, is dependent on a number of factors, primarily; the 0.35% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Albany-Schenectady-Troy region, and heating & cooling price differences between Preston-Potter Hollow and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and meticulous research performed by the NAHB. Preston-Potter Hollow home value data is provided by Zillow.

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Energy Savings & ROI: Preston-Potter Hollow vs the rest of New York

Find out how investing in new windows in Preston-Potter Hollow compares to other nearby New York cities.