Savings Category: Replacement Window Savings

Description

Value You Can Measure

Remsen homeowners have a variety excellent reasons to change their windows. Updating leaky windows, revamping the look and feel of your home etc… Certain such benefits can be measured relatively clearly.

For starters, 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, residents of Remsen, may experience impressive reductions on monthly spending for electricity. If you already have dual pane windows you may save around $178.89 compared to $174 in Buffalo. On the other hand, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $483.07 per year, compared to $452 in Buffalo.

Increase your Remsen Home’s Value through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows can 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to estimate : What’s the return on investment on energy savings if you sell your home? The following is what we uncovered in Remsen:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Remsen, your home value could increase by between $894.46 and $1189.64 for a mid-tier or top-tier Remsen home respectively. For comparison, 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. Remsen homeowners may see an estimated home value gain of between $2415.35 for mid-tier homes and $3212.42 for the top tier. Compare this to between $2260 and $3005.8 in Buffalo.

In other words, a window upgrade in Remsen can add between 0.65% percent and 2.33 % percent to the value 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 Remsen homeowner is relatively strong.

The variation between the range for Remsen and Buffalo, which for reference, would yield a potential premium range of 0.63% percent and 0.84% percent respectively, may come from a number of factors, primarily; the 0.31% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Utica-Rome region, and energy price differences between Remsen and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and meticulous research done by the NAHB. Remsen home value data is provided by Zillow.

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

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