East Norwich-New York Savings

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

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Upgrading your windows to EnergyStar rated National Vinyl windows may add to 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 ascertain : What’s the return on energy savings on the market? The following is what we found in East Norwich:

In other words, a window investment in East Norwich can add between 0.41% percent and 2.19 % percent to the value 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 East Norwich homeowner is relatively strong.

The variation between the range for East Norwich and Buffalo, which for reference, would yield a potential premium range of 0.28% percent and 0.39% percent respectively, is dependent on a number of factors, especially; the 5.24% 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 East Norwich and Buffalo.

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

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