East Rockaway-New York Savings

Grow your East Rockaway Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could 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 figure out : What’s the premium for energy savings when it comes time to sell? Here is what we found in East Rockaway:

Put differently, a window investment in East Rockaway can add anywhere from 0.48% percent and 2.39 % percent to the sale price of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a East Rockaway homeowner is quite clear.

The variation between the range for East Rockaway and Buffalo, which for reference, would yield a potential premium range of 0.35% percent and 0.49% percent respectively, is dependent on a number of factors, particularly; the 3.99% percent difference in median home prices, a buyers’ willingness 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 Rockaway and Buffalo.

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

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