Description
Value You Can Measure
Roslyn Heights residents have a multitude excellent reasons to change their windows. Repairing leaky windows, revamping the look and feel of your home etc… Many such benefits can be measured quite clearly.
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 puts windows among the top 5 home improvement investments in terms of value retention.
With regards to energy savings, houses in Roslyn Heights, should notice considerable drops on annual costs for home energy. If you already have dual pane windows you could save approximately $286.2 compared to $174 in Buffalo. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $1164.44 per annum, compared to $452 in Buffalo.
Build your Roslyn Heights Home’s Resale Price through Energy Savings
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Replacing your windows to EnergyStar rated National Vinyl windows could increase 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.
In addition, many buyers are willing to pay a premium for energy savings. Here we try to uncover : What’s the premium for energy savings if you sell your home? Here is what we uncovered in Roslyn Heights:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Roslyn Heights, your home value could increase by between $3022.23 and $4214.52 for a mid-tier or top-tier Roslyn Heights home respectively. For comparison, the same replacement in Buffalo could add 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. Roslyn Heights homeowners could see an estimated home value gain of between $12296.45 for mid-tier homes and $17147.49 for the top tier. Compare this to between $4773.12 and $6656.15 in Buffalo.
In other words, a window upgrade in Roslyn Heights can add between 0.35% percent and 2 % 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 Roslyn Heights homeowner is quite clear.
The variation between the range for Roslyn Heights and Buffalo, which for reference, would yield a potential premium range of 0.21% percent and 0.3% percent respectively, can be estimated from a number of factors, principally; the 7.16% 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 price differences between Roslyn Heights and Buffalo.
The data presented is based on EnergyStar, the NREL,Department of Energy and expert research executed by the NAHB. Roslyn Heights 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: Roslyn Heights vs the rest of New York
Find out how investing in new windows in Roslyn Heights compares to other nearby New York cities.