Description
Value You Can Measure
Valatie property owners have a multitude great reasons to upgrade their windows. Replacing leaky windows, revamping the aesthetics of your home etc… Some such features can be counted quite precisely.
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 puts windows among the top 5 home improvement investments in terms of value retention.
In terms of energy savings, residents of Valatie, should see important reductions on monthly expenditures for home energy. If you already have dual pane windows you could save approximately $199.33 compared to $174 in Buffalo. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $612.82 every year, compared to $452 in Buffalo.
Grow your Valatie Home’s Resale Price through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows could 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 ascertain : What’s the ROI on energy savings when selling the house? This is what we uncovered in Valatie:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Valatie, your home value could increase by between $1195.96 and $1750.09 for a mid-tier or top-tier Valatie home respectively. Compare this to, the same upgrade in Buffalo could add somewhere between $1044 and $1527.72.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Valatie homeowners could yield an estimated home value gain of between $3676.95 for mid-tier homes and $5380.6 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.
Put differently, a window upgrade in Valatie can add between 0.44% percent and 1.96 % percent to the asking 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Valatie homeowner is relatively strong.
The variation between the range for Valatie and Buffalo, which for reference, would yield a potential premium range of 0.38% percent and 0.56% percent respectively, is dependent on a number of factors, primarily; the 1.62% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Hudson region, and energy cost differences between Valatie and Buffalo.
The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research done by the National Association of Homebuilders. Valatie 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: Valatie vs the rest of New York
Find out how investing in new windows in Valatie compares to other nearby New York cities.