Ballston Spa-New York Savings

Grow your Ballston Spa Home’s Asking Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to determine : What’s the ROI on energy savings if you put your house up for sale? This is what we discovered in Ballston Spa:

Another way to look at it, a window upgrade in Ballston Spa can add between 0.52% percent and 2.24 % percent to the sale 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Ballston Spa homeowner is relatively strong.

The variation between the range for Ballston Spa and Buffalo, which for reference, would yield a potential premium range of 0.47% percent and 0.69% percent respectively, can be estimated from a number of factors, principally; the 1.1% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Albany-Schenectady-Troy region, and energy cost differences between Ballston Spa and Buffalo.

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

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