Farmingville-New York Savings

Build your Farmingville Home’s Resale Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows can 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 energy savings if you sell your home? What follows is what we discovered in Farmingville:

In other words, a window upgrade in Farmingville can add between 0.33% percent and 1.63 % percent to the sale price of your home via 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 Farmingville homeowner is relatively clear.

The variation between the range for Farmingville and Buffalo, which for reference, would yield a potential premium range of 0.27% percent and 0.39% percent respectively, is derived from a number of factors, principally; the 2.71% 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 heating & cooling cost differences between Farmingville and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and incredible research executed by the NAHB. Farmingville home value data is provided by Zillow.

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