Value You Can Measure
Rock Hill residents have countless good reasons to replace their windows. Replacing leaky windows, revamping the decor of your home etc… Many such values may be measured relatively accurately.
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 places windows among the top 5 home improvement investments in terms of value retention.
As for energy savings, homeowners in Rock Hill, can expect to have important savings on daily spending for heating & cooling. If you already have dual pane windows you could save about $189.98 compared to $174 in Buffalo. In contrast, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $553.48 per year, compared to $452 in Buffalo.
Grow your Rock Hill Home’s Asking Price through Energy Savings
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Switching your windows to EnergyStar rated National Vinyl windows could increase 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.
In addition, many buyers are willing to pay a premium for energy savings. Here we try to figure out : What’s the return on investment on energy savings when it comes time to sell? Below is what we found in Rock Hill:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Rock Hill, your home value could increase by around $1139.89 and $1668.03 for a mid-tier or top-tier Rock Hill home respectively. Compare this to, the same replacement 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. Rock Hill homeowners could yield an estimated home value gain of between $3320.87 for mid-tier homes and $4859.54 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.
In other words, a window investment in Rock Hill can add between 0.54% percent and 2.29 % percent to the sale price of your home via 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 Rock Hill homeowner is quite clear.
The variation between the range for Rock Hill and Buffalo, which for reference, would yield a potential premium range of 0.49% percent and 0.72% percent respectively, is dependent on a number of factors, principally; the 1.02% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the region, and heating & cooling price differences between Rock Hill and Buffalo.
The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and meticulous research done by the NAHB. Rock Hill home value data is provided by Zillow.
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