Elmont-New York Savings

Build your Elmont Home’s Value through Energy Savings

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Replacing 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 determine : What’s the premium for energy savings on the market? This is what we found in Elmont:

In other words, a window upgrade in Elmont can add between 0.28% percent and 1.46 % percent to the value of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Elmont homeowner is relatively clear.

The variation between the range for Elmont and Buffalo, which for reference, would yield a potential premium range of 0.21% percent and 0.31% percent respectively, is dependent on a number of factors, primarily; the 3.69% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and heating & cooling price differences between Elmont and Buffalo.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and professional research executed by the National Association of Homebuilders. Elmont home value data is provided by Zillow.

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