Savings Category: Replacement Window Savings

Description

Value You Can Measure

Yonkers residents have a variety excellent reasons to change their windows. Replacing broken windows, changing the design of your home etc… Certain such benefits can be measured relatively accurately.

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

As for energy savings, residents of Yonkers, can expect to notice significant decreases on annual expenditures for electricity. If you already have dual pane windows you may save about $237.68 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 $856.38 per annum, compared to $452 in Buffalo.

Improve your Yonkers Home’s Value through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows could add to 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to ascertain : What’s the premium for energy savings if you put your house up for sale? The following is what we discovered in Yonkers:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Yonkers, your home value could increase by between $2509.93 and $3500.11 for a mid-tier or top-tier Yonkers home respectively. Compare this to, the same replacement in Buffalo could yield 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. Yonkers homeowners may see an estimated home value gain of between $9043.37 for mid-tier homes and $12611.04 for the top tier. Compare this to between $4773.12 and $6656.15 in Buffalo.

In other words, a window upgrade in Yonkers can add anywhere from 0.47% percent and 2.37 % percent to the value of your home via 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 Yonkers homeowner is quite clear.

The variation between the range for Yonkers and Buffalo, which for reference, would yield a potential premium range of 0.35% percent and 0.48% percent respectively, may come from a number of factors, notably; the 4.07% percent difference in median home prices, a buyers’ willingness 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 Yonkers and Buffalo.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and expert research executed by the National Association of Homebuilders. Yonkers home value data is provided by Zillow.

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

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