Canastota-New York Savings

Increase your Canastota Home’s Value through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows could increase 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 determine : What’s the premium for energy savings when selling the house? The following is what we found in Canastota:

In other words, a window investment in Canastota can add anywhere from 0.74% percent and 2.59 % 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 initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Canastota homeowner is relatively clear.

The variation between the range for Canastota and Buffalo, which for reference, would yield a potential premium range of 0.73% percent and 0.97% percent respectively, is derived from a number of factors, in particular; the 0.14% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Syracuse region, and energy cost differences between Canastota and Buffalo.

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

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