Fayetteville-New York Savings

Improve your Fayetteville Home’s Asking Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows can 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 ascertain : What’s the premium for energy savings when selling the house? This is what we discovered in Fayetteville:

Another way to look at it, a window upgrade in Fayetteville can add anywhere from 0.59% percent and 2.47 % percent to the asking 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 initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Fayetteville homeowner is relatively clear.

The variation between the range for Fayetteville and Buffalo, which for reference, would yield a potential premium range of 0.55% percent and 0.81% percent respectively, may come from a number of factors, especially; the 0.81% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Syracuse region, and heating & cooling cost differences between Fayetteville and Buffalo.

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

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