Albany-New York Savings

Grow your Albany Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could increase 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to ascertain : What’s the premium for energy savings when it comes time to sell? This is what we uncovered in Albany:

Another way to look at it, a window investment in Albany can add anywhere from 0.6% percent and 2.48 % percent to the asking price of your home through the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Albany homeowner is relatively strong.

The variation between the range for Albany and Buffalo, which for reference, would yield a potential premium range of 0.56% percent and 0.81% percent respectively, may come from a number of factors, particularly; the 0.79% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Albany-Schenectady-Troy region, and energy cost differences between Albany and Buffalo.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and extensive research executed by the NAHB. Albany home value data is provided by Zillow.

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