Description
Value You Can Measure
Valley Falls residents have countless good reasons to replace their windows. Upgrading old windows, renewing the design of your home etc… Certain such values may be measured quite explicitly.
For starters, windows conserve 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, residents of Valley Falls, may see major drops on monthly costs for energy. If you already have dual pane windows you could save about $185.72 compared to $174 in Buffalo. Whereas, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $526.4 per annum, compared to $452 in Buffalo.
Grow your Valley Falls Home’s Value through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows can add to the asking 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 ascertain : What’s the ROI on energy savings when it comes time to sell? Below is what we uncovered in Valley Falls:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Valley Falls, your home value could increase by around $1114.3 and $1630.59 for a mid-tier or top-tier Valley Falls home respectively. Compare this to, the same upgrade in Buffalo could yield somewhere between $1044 and $1527.72.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Valley Falls homeowners could expect an estimated home value increase of between $3158.4 for mid-tier homes and $4621.8 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.
In other words, a window upgrade in Valley Falls can add anywhere from 0.61% percent and 2.52 % percent to the sale price of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Valley Falls homeowner is quite strong.
The variation between the range for Valley Falls and Buffalo, which for reference, would yield a potential premium range of 0.57% percent and 0.83% percent respectively, is dependent on a number of factors, in particular; the 0.75% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Albany-Schenectady-Troy region, and energy cost differences between Valley Falls and Buffalo.
The data presented is derived from EnergyStar, the NREL,Department of Energy and expert research executed by the NAHB. Valley Falls 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: Valley Falls vs the rest of New York
Find out how investing in new windows in Valley Falls compares to other nearby New York cities.