Savings Category: Replacement Window Savings

Description

Value You Can Measure

Seaford homeowners have countless good reasons to upgrade their windows. Replacing damaged windows, changing the decor of your home etc… Some such values should be calculated relatively accurately.

Firstly, 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.

With regards to energy savings, homeowners in Seaford, will most probably notice important declines on annual expenditures for energy. If you already have dual pane windows you may save around $235.55 compared to $174 in Buffalo. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $842.85 per annum, compared to $452 in Buffalo.

Increase your Seaford Home’s Value through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows can increase the sale 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 figure out : What’s the premium for energy savings when it comes time to sell? Here is what we discovered in Seaford:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Seaford, your home value could increase by between $2487.42 and $3468.73 for a mid-tier or top-tier Seaford home respectively. Compare this to, the same upgrade in Buffalo could yield 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. Seaford homeowners may expect an estimated home value gain of between $8900.45 for mid-tier homes and $12411.74 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 Seaford can add anywhere from 0.48% percent and 2.4 % percent to the value of your home through 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 Seaford homeowner is quite strong.

The variation between the range for Seaford and Buffalo, which for reference, would yield a potential premium range of 0.36% percent and 0.5% percent respectively, is dependent on a number of factors, particularly; the 3.93% 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 heating & cooling cost differences between Seaford and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and expert research conducted by the NAHB. Seaford home value data is provided by Zillow.

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

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