Savings Category: Replacement Window Savings

Description

Value You Can Measure

Rifton homeowners have plenty strong reasons to change their windows. Updating old windows, improving the style of your home etc… Other such benefits should be quantified rather precisely.

First of all, windows maintain 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.

With regards to energy savings, homeowners in Rifton, are likely to see important declines on annual bill for electricity. If you already have dual pane windows you could save about $194.65 compared to $174 in Buffalo. On the other hand, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $583.13 annually, compared to $452 in Buffalo.

Grow your Rifton Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may add to the value 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 uncover : What’s the return on energy savings if you put your house up for sale? What follows is what we estimated in Rifton:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Rifton, your home value could increase by around $1167.9 and $1709.03 for a mid-tier or top-tier Rifton home respectively. For comparison, the same upgrade in Buffalo may get you somewhere between $1044 and $1527.72.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Rifton homeowners may expect an estimated home value gain of between $3498.78 for mid-tier homes and $5119.88 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

In other words, a window investment in Rifton can add anywhere from 0.48% percent and 2.11 % 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 initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Rifton homeowner is quite strong.

The variation between the range for Rifton and Buffalo, which for reference, would yield a potential premium range of 0.43% percent and 0.63% percent respectively, can be estimated from a number of factors, principally; the 1.32% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Kingston region, and heating & cooling price differences between Rifton and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and professional research performed by the NAHB. Rifton home value data is provided by Zillow.

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

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