Cold Spring Harbor-New York Savings

Build your Cold Spring Harbor Home’s Asking Price through Energy Savings

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Switching 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 find out : What’s the return on investment on energy savings if you sell your home? Here is what we discovered in Cold Spring Harbor:

In other words, a window investment in Cold Spring Harbor can add between 0.38% percent and 2.62 % percent to the sale price of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Cold Spring Harbor homeowner is relatively strong.

The variation between the range for Cold Spring Harbor and Buffalo, which for reference, would yield a potential premium range of 0.21% percent and 0.33% percent respectively, is dependent on a number of factors, primarily; the 9.44% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and energy cost differences between Cold Spring Harbor and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and meticulous research executed by the NAHB. Cold Spring Harbor home value data is provided by Zillow.

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