Baldwin-New York Savings

Grow your Baldwin Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to find out : What’s the return on investment on energy savings on the market? Here is what we estimated in Baldwin:

In other words, a window upgrade in Baldwin can add between 0.29% percent and 1.49 % percent to the value 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 Baldwin homeowner is relatively strong.

The variation between the range for Baldwin and Buffalo, which for reference, would yield a potential premium range of 0.22% percent and 0.33% percent respectively, can be estimated from a number of factors, notably; the 3.48% percent difference in median home prices, a buyers’ likelihood 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 Baldwin and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and extensive research done by the National Association of Homebuilders. Baldwin home value data is provided by Zillow.

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