Description
Value You Can Measure
Rockville Centre residents have a variety good reasons to replace their windows. Updating damaged windows, changing the look and feel of your home etc… Other such benefits can be quantified relatively explicitly.
To begin with, windows retain 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.
As for energy savings, houses in Rockville Centre, can expect to see dramatic reductions on weekly spending for home energy. If you already have dual pane windows you could save around $258.96 compared to $174 in Buffalo. Whereas, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $991.49 every year, compared to $452 in Buffalo.
Increase your Rockville Centre Home’s Resale Price through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows could 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.
In addition, many buyers are willing to pay a premium for energy savings. Here we try to answer the question : What’s the premium for energy savings on the market? Below is what we found in Rockville Centre:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Rockville Centre, your home value could increase by between $2734.62 and $3813.45 for a mid-tier or top-tier Rockville Centre home respectively. Compare this to, the same replacement in Buffalo may get you somewhere between $1837.44 and $2562.32.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Rockville Centre homeowners may see an estimated home value gain of between $10470.17 for mid-tier homes and $14600.73 for the top tier. Compare this to between $4773.12 and $6656.15 in Buffalo.
Another way to look at it, a window investment in Rockville Centre can add anywhere from 0.41% percent and 2.17 % percent to the sale price of your home by way of 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 Rockville Centre homeowner is relatively clear.
The variation between the range for Rockville Centre and Buffalo, which for reference, would yield a potential premium range of 0.27% percent and 0.38% percent respectively, may come from a number of factors, principally; the 5.43% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and heating & cooling price differences between Rockville Centre and Buffalo.
The data presented is based on EnergyStar, the NREL,Department of Energy and expert research conducted by the National Association of Homebuilders. Rockville Centre home value data is provided by Zillow.
Data Sources & Disclaimers
Sources:
https://www.bls.gov/regions/
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption
https://www.energy.gov/energysaver/design/windows-doors-and-skylights/update-or-replace-windows
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption#by%20end%20uses
https://openei.org/wiki/NSTAR_Electric_Company
https://www.aceee.org/press/2018/10/aceee-2018-state-energy-efficiency
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187724.php?page_id=32&pid=NAH
http://eyeonhousing.org/2019/04/how-much-are-buyers-willing-to-pay-for-energy-efficiency/
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187731.php
https://www.remodeling.hw.net/cost-vs-value/2020/new-england/
Disclaimer: The information on our website is general in nature and is not intended as a substitute for competent legal, financial or engineering advice.
Although National Vinyl is a Member of the National Homebuilders association and TrustGard windows are the recipient of EnergyStar’s “Most Efficient”,
we wish to state clearly and unequivocally: the information provided does not consitute an endorsement by or from any third party. We make no representation as to the accuracy of the information entered by third parties.We, our directors or shareholders disclaim any liability for any damages or loss arising from your use thereof.
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Energy Savings & ROI: Rockville Centre vs the rest of New York
Find out how investing in new windows in Rockville Centre compares to other nearby New York cities.