Mill Neck-New York Savings

Increase your Mill Neck Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows could 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 uncover : What’s the premium for energy savings on the market? The following is what we discovered in Mill Neck:

Another way to look at it, a window upgrade in Mill Neck can add between 0.32% percent and 2.4 % percent to the asking price of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Mill Neck homeowner is quite clear.

The variation between the range for Mill Neck and Buffalo, which for reference, would yield a potential premium range of 0.14% percent and 0.22% percent respectively, is dependent on a number of factors, principally; the 14.47% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and heating & cooling price differences between Mill Neck and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and professional research done by the NAHB. Mill Neck home value data is provided by Zillow.

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