Bainbridge-New York Savings

Improve your Bainbridge Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows can add to the value 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 determine : What’s the return on investment on energy savings if you sell your home? The following is what we found in Bainbridge:

In other words, a window investment in Bainbridge can add between 0.78% percent and 2.71 % percent to the asking price of your home by way of 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 Bainbridge homeowner is quite strong.

The variation between the range for Bainbridge and Buffalo, which for reference, would yield a potential premium range of 0.77% percent and 1.03% percent respectively, is derived from a number of factors, notably; the 0.07% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the region, and heating & cooling price differences between Bainbridge and Buffalo.

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

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