Savings Category: Replacement Window Savings

Description

Value You Can Measure

Syosset homeowners have a variety good reasons to replace their windows. Updating damaged windows, revamping the decor of your home etc… Some such features can be quantified rather clearly.

To start, windows preserve about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This sets windows among the top 5 home improvement investments in terms of value retention.

In terms of energy savings, homes in Syosset, are likely to notice significant reductions on weekly spending for energy. If you already have dual pane windows you may save around $265.43 compared to $174 in Buffalo. In contrast, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $1032.57 per year, compared to $452 in Buffalo.

Grow your Syosset Home’s Value through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may 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 on the market? Here is what we found in Syosset:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Syosset, your home value could increase by around $2802.93 and $3908.71 for a mid-tier or top-tier Syosset 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. Syosset homeowners may see an estimated home value gain of between $10903.95 for mid-tier homes and $15205.64 for the top tier. Compare this to between $4773.12 and $6656.15 in Buffalo.

Another way to look at it, a window upgrade in Syosset can add anywhere from 0.39% percent and 2.12 % percent to the sale price of your home via the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Syosset homeowner is quite strong.

The variation between the range for Syosset and Buffalo, which for reference, would yield a potential premium range of 0.26% percent and 0.36% percent respectively, is dependent on a number of factors, in particular; the 5.84% percent difference in median home prices, a buyers’ likelihood 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 Syosset and Buffalo.

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

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

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