Savings Category: Replacement Window Savings

Description

Value You Can Measure

Wells homeowners have a whole host great reasons to change their windows. Repairing broken windows, refining the aesthetics of your home etc… Some such features should be calculated quite clearly.

Firstly, windows maintain 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, households located in Wells, will most probably notice large decreases on weekly bill for home energy. If you already have dual pane windows you may save approximately $183.94 compared to $174 in Buffalo. In contrast, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save about $515.13 per year, compared to $452 in Buffalo.

Improve your Wells Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may 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 ascertain : What’s the return on energy savings if you put your house up for sale? This is what we discovered in Wells:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Wells, your home value could increase by between $1103.65 and $1615.01 for a mid-tier or top-tier Wells 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. Wells homeowners may yield an estimated home value gain of between $3090.8 for mid-tier homes and $4522.87 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

In other words, a window upgrade in Wells can add between 0.64% percent and 2.64 % percent to the sale price of your home via 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 Wells homeowner is quite clear.

The variation between the range for Wells and Buffalo, which for reference, would yield a potential premium range of 0.61% percent and 0.89% percent respectively, can be estimated from a number of factors, notably; the 0.63% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the region, and energy price differences between Wells and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research performed by the National Association of Homebuilders. Wells home value data is provided by Zillow.

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

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