Savings Category: Replacement Window Savings

Description

Value You Can Measure

Rhinebeck homeowners have a variety strong reasons to change their windows. Fixing old windows, revamping the decor of your home etc… Certain such values can be quantified rather precisely.

For starters, windows maintain 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.

With regards to energy savings, residents of Rhinebeck, are likely to have important declines on weekly bill for heating & cooling. If you already have dual pane windows you may save approximately $216.03 compared to $174 in Buffalo. Whereas, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $718.88 per year, compared to $452 in Buffalo.

Build your Rhinebeck Home’s Value through Energy Savings

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Upgrading 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 determine : What’s the return on investment on energy savings if you sell your home? Below is what we estimated in Rhinebeck:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Rhinebeck, your home value could increase by between $1296.17 and $1896.74 for a mid-tier or top-tier Rhinebeck home respectively. For comparison, 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. Rhinebeck homeowners could yield an estimated home value increase of between $4313.29 for mid-tier homes and $6311.78 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

Another way to look at it, a window upgrade in Rhinebeck can add anywhere from 0.34% percent and 1.63 % percent to the value of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Rhinebeck homeowner is relatively clear.

The variation between the range for Rhinebeck and Buffalo, which for reference, would yield a potential premium range of 0.27% percent and 0.4% percent respectively, can be estimated from a number of factors, particularly; the 2.68% percent difference in median home prices, a buyers’ likelihood 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 Rhinebeck and Buffalo.

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

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

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