For homeowners on Long Island, replacement windows offer a great way to enhance the curb appeal and boost your home’s energy-efficiency performance. By manufacturing modern, aesthetically pleasing windows with advanced technology and innovative materials, Renewal by Andersen of Long Island addresses the desire to reduce your carbon footprint without compromising your personal style or your home’s architectural integrity.
Our portfolio of replacement windows includes a wide selection of fixed and operable windows available in virtually unlimited color combination. With exclusive hardware styles and finishes, every homeowner can design home windows guaranteed to maintain their beautiful appearance with Fibrex frames that will never droop, rot, pit or develop mildew – without extensive upkeep beyond an occasional cleaning. An attractive home, superior functionality and fewer hours spent taking care of your windows are great benefits.
But, did you know that high-performance energy-efficient replacement windows can positively impact your financial health?
If you’re looking for a new home, and are concerned your income to debt ratio may be too close for comfort, there’s some good news. When you search out homes with modern energy-efficient appliances and fixtures, your lender should consider the value these upgrades add. The senate passed the Sensible Accounting to Value Energy Act (SAVE Act) in April 2016, issuing guidelines to encourage lenders – specifically HUD – to consider the value of “energy cost savings when reviewing mortgage applications.” This means lenders considering FHA applications will expect high-performing homes to come in at a higher appraisal value.
For buyers, finding a home furnished with modern, ENERGY-STAR labeled replacement windows, tank-less water heaters and updated appliances, could mean the difference between satisfying the loan to value ratio or coming in short. For current homeowners who anticipate selling their home in the future, updating your home now is a smart move because it will improve the loan-to-value ratios for potential buyers.
Today, the SAVE Act guidelines are primarily used for new mortgages insured by the FHA. Roughly five million single-family homes in the US have this type of mortgage. However, when you consider that low- to moderate-income residents may spend one out of every five dollars on utility bills, it is clear that curbing heating and cooling costs could shave hundreds of dollars every year off the family budget, depending on the overall condition of your home and the way you normally use energy, electricity and gas.
For homeowners in Nassau, Suffolk Brooklyn and Queens counties, installing traditional replacement window styles like casement windows and double-hung varieties and specialty windows like unique geometric shapes can leverage the performance features to expand opportunities to reduce unnecessary spending.
As more mortgage lenders and homeowners embrace green technology, real estate agents and brokers are shifting their marketing strategy. Recognizing the value of updating Long Island homes with modern fixtures, like replacement windows with more efficient low-E glass and other energy efficiency options, real estate professionals have developed marketing strategies to showcase upgrades as a major selling point.
While there is a lot of focus on the performance and beauty of modern replacement windows, don’t overlook the financial advantages that sustainable home improvement products provide. Here are three ways that converting your home into a green home can impact finances.
#1. Homeowners looking for a new home should pay close attention to the “energy-efficiency performance” upgrades in the houses they visit.
#2. Sellers can boost their property value by giving buyers the tools they need to qualify for an affordable mortgage.
#3. If you’re having trouble knowing which upgrades have the highest return on investment potential, speak to a reputable real estate professional – they have the market research to back up their claims.
Of course, your replacement window dealer should also be able to point you toward the National Fenestration Rating Council (NFRC) and Energy.gov websites where you’ll find valuable information you can use to compare home improvement products on the market.
Whether you are looking for single lever operational windows like awnings and hoppers, or you want to design a wall of glass with a multi-panel sliding patio door configuration, our professional replacement window and patio door consultants can help you design home windows to help you reach your vision and decorating goals. To discuss your glass, frame and accessory options, simply fill in the short form on this page or call us toll-free at (866) 609-5033.
Learn Everything You Need to Know BEFORE Buying Replacement Windows
