Dobbs Ferry-New York Savings

Improve your Dobbs Ferry Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may add to the value 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 answer the question : What’s the return on investment on energy savings on the market? This is what we found in Dobbs Ferry:

Put differently, a window investment in Dobbs Ferry can add anywhere from 0.4% percent and 2.14 % percent to the asking price of your home by way of 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 Dobbs Ferry homeowner is quite strong.

The variation between the range for Dobbs Ferry and Buffalo, which for reference, would yield a potential premium range of 0.26% percent and 0.37% percent respectively, is dependent on a number of factors, in particular; the 5.69% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and energy cost differences between Dobbs Ferry and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and professional research done by the NAHB. Dobbs Ferry home value data is provided by Zillow.

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