Savings Category: Replacement Window Savings

Description

Value You Can Measure

Sidney property owners have a variety excellent reasons to replace their windows. Upgrading damaged windows, refining the aesthetics of your home etc… Many such features can be counted rather clearly.

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 Sidney, will most probably have impressive drops on daily costs for energy. If you already have dual pane windows you could save around $173.9 compared to $174 in Buffalo. On the other hand, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $451.36 per year, compared to $452 in Buffalo.

Improve your Sidney Home’s Asking Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to estimate : What’s the return on energy savings if you sell your home? Below is what we discovered in Sidney:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Sidney, your home value could increase by around $869.5 and $1156.43 for a mid-tier or top-tier Sidney home respectively. For comparison, the same replacement in Buffalo may get you somewhere between $870 and $1157.1.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Sidney homeowners may yield an estimated home value increase of between $2256.8 for mid-tier homes and $3001.54 for the top tier. Compare this to between $2260 and $3005.8 in Buffalo.

In other words, a window upgrade in Sidney can add between 0.83% percent and 2.88 % percent to the asking price of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Sidney homeowner is relatively strong.

The variation between the range for Sidney and Buffalo, which for reference, would yield a potential premium range of 0.83% percent and 1.11% percent respectively, may come from a number of factors, principally; the -0.01% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the region, and energy price differences between Sidney and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and expert research performed by the National Association of Homebuilders. Sidney home value data is provided by Zillow.

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

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