Value You Can Measure
Walden residents have plenty strong reasons to replace their windows. Updating old windows, improving the look and feel of your home etc… Many such values may be quantified rather accurately.
For starters, windows retain 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.
As for energy savings, homeowners in Walden, should notice significant drops on annual costs for electricity. If you already have dual pane windows you could save about $196.06 compared to $174 in Buffalo. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you may save about $592.09 annually, compared to $452 in Buffalo.
Grow your Walden Home’s Resale Price through Energy Savings
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Upgrading your windows to EnergyStar rated National Vinyl windows can 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 figure out : What’s the ROI on energy savings when it comes time to sell? Here is what we found in Walden:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Walden, your home value could increase by between $1176.37 and $1721.42 for a mid-tier or top-tier Walden home respectively. For comparison, the same replacement 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. Walden homeowners could see an estimated home value increase of between $3552.53 for mid-tier homes and $5198.53 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.
Another way to look at it, a window upgrade in Walden can add anywhere from 0.47% percent and 2.06 % percent to the sale price of your home through the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Walden homeowner is relatively strong.
The variation between the range for Walden and Buffalo, which for reference, would yield a potential premium range of 0.41% percent and 0.6% percent respectively, may come from a number of factors, notably; the 1.41% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and energy cost differences between Walden and Buffalo.
The data presented is based on EnergyStar, the NREL,Department of Energy and incredible research conducted by the NAHB. Walden home value data is provided by Zillow.
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