Savings Category: Replacement Window Savings

Description

Value You Can Measure

Rensselaer residents have many great reasons to replace their windows. Fixing leaky windows, improving the aesthetics of your home etc… Some such values may be measured rather exactly.

First of all, windows conserve about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This puts windows among the top 5 home improvement investments in terms of value retention.

With regards to energy savings, houses in Rensselaer, can expect to have large decreases on annual expenditures for energy. If you already have dual pane windows you could save about $180.32 compared to $174 in Buffalo. On the other hand, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $492.13 every year, compared to $452 in Buffalo.

Increase your Rensselaer Home’s Resale 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to ascertain : What’s the premium for energy savings on the market? This is what we found in Rensselaer:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Rensselaer, your home value could increase by between $901.6 and $1199.13 for a mid-tier or top-tier Rensselaer home respectively. For comparison, the same upgrade 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. Rensselaer homeowners may expect an estimated home value gain of between $2460.67 for mid-tier homes and $3272.69 for the top tier. Compare this to between $2260 and $3005.8 in Buffalo.

Another way to look at it, a window investment in Rensselaer can add anywhere from 0.61% percent and 2.22 % 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 upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Rensselaer homeowner is relatively clear.

The variation between the range for Rensselaer and Buffalo, which for reference, would yield a potential premium range of 0.59% percent and 0.79% percent respectively, can be estimated from a number of factors, primarily; the 0.4% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Albany-Schenectady-Troy region, and energy cost differences between Rensselaer and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and extensive research performed by the National Association of Homebuilders. Rensselaer home value data is provided by Zillow.

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