Savings Category: Replacement Window Savings

Description

Value You Can Measure

Stamford homeowners have countless strong reasons to replace their windows. Updating broken windows, renewing the look and feel of your home etc… Some such benefits can be measured quite clearly.

To start, windows conserve 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, homes in Stamford, may notice significant savings on monthly expenditures for electricity. If you already have dual pane windows you could save approximately $178.84 compared to $174 in Buffalo. By comparison, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $482.74 per year, compared to $452 in Buffalo.

Increase your Stamford Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may 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 estimate : What’s the ROI on energy savings when selling the house? What follows is what we estimated in Stamford:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Stamford, your home value could increase by between $894.2 and $1189.29 for a mid-tier or top-tier Stamford 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. Stamford homeowners may see an estimated home value increase of between $2413.7 for mid-tier homes and $3210.22 for the top tier. Compare this to between $2260 and $3005.8 in Buffalo.

Put differently, a window upgrade in Stamford can add between 0.65% percent and 2.34 % percent to the value of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Stamford homeowner is relatively strong.

The variation between the range for Stamford and Buffalo, which for reference, would yield a potential premium range of 0.63% percent and 0.84% percent respectively, may come from a number of factors, particularly; the 0.31% 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 cost differences between Stamford and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and incredible research executed by the NAHB. Stamford home value data is provided by Zillow.

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