Savings Category: Replacement Window Savings

Description

Value You Can Measure

Roosevelt residents have a whole host good reasons to upgrade their windows. Repairing old windows, changing the design of your home etc… Some such values may be calculated relatively accurately.

To start, windows retain 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.

In terms of energy savings, houses in Roosevelt, could notice large drops on annual bill for home energy. If you already have dual pane windows you could save around $216.42 compared to $174 in Buffalo. Whereas, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $721.38 per year, compared to $452 in Buffalo.

Increase your Roosevelt Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to figure out : What’s the premium for energy savings if you put your house up for sale? Below is what we found in Roosevelt:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Roosevelt, your home value could increase by around $1298.53 and $1900.18 for a mid-tier or top-tier Roosevelt 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. Roosevelt homeowners could expect an estimated home value gain of between $4328.25 for mid-tier homes and $6333.68 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

In other words, a window upgrade in Roosevelt can add between 0.33% percent and 1.63 % percent to the asking price 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 Roosevelt homeowner is quite strong.

The variation between the range for Roosevelt and Buffalo, which for reference, would yield a potential premium range of 0.27% percent and 0.39% percent respectively, is derived from a number of factors, especially; the 2.71% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and energy price differences between Roosevelt and Buffalo.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and incredible research conducted by the NAHB. Roosevelt home value data is provided by Zillow.

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

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