Colonie-New York Savings

Grow your Colonie Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may 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 uncover : What’s the ROI on energy savings when it comes time to sell? The following is what we discovered in Colonie:

Another way to look at it, a window upgrade in Colonie can add between 0.48% percent and 2.09 % percent to the asking price of your home via the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Colonie homeowner is quite clear.

The variation between the range for Colonie and Buffalo, which for reference, would yield a potential premium range of 0.42% percent and 0.62% percent respectively, may come from a number of factors, particularly; the 1.35% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Albany-Schenectady-Troy region, and heating & cooling cost differences between Colonie and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and meticulous research performed by the NAHB. Colonie home value data is provided by Zillow.

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