East Hills-New York Savings

Build your East Hills Home’s Asking Price through Energy Savings

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Replacing 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 determine : What’s the premium for energy savings when it comes time to sell? Below is what we uncovered in East Hills:

In other words, a window upgrade in East Hills can add between 0.38% percent and 2.6 % percent to the value 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 East Hills homeowner is quite clear.

The variation between the range for East Hills and Buffalo, which for reference, would yield a potential premium range of 0.2% percent and 0.32% percent respectively, is derived from a number of factors, notably; the 9.75% 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 price differences between East Hills and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and professional research conducted by the National Association of Homebuilders. East Hills home value data is provided by Zillow.

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