Cutchogue-New York Savings

Build your Cutchogue Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows can 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 return on energy savings on the market? Below is what we uncovered in Cutchogue:

Put differently, a window upgrade in Cutchogue can add anywhere from 0.39% percent and 2.1 % percent to the value 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 Cutchogue homeowner is relatively strong.

The variation between the range for Cutchogue and Buffalo, which for reference, would yield a potential premium range of 0.25% percent and 0.35% percent respectively, is dependent on a number of factors, primarily; the 6.01% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and energy price differences between Cutchogue and Buffalo.

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

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