Florida-New York Savings

Increase your Florida Home’s Value through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may increase the sale 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.

In addition, 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? This is what we found in Florida:

Another way to look at it, a window investment in Florida can add anywhere from 0.43% percent and 1.95 % percent to the value of your home through 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 Florida homeowner is relatively strong.

The variation between the range for Florida and Buffalo, which for reference, would yield a potential premium range of 0.38% percent and 0.55% percent respectively, may come from a number of factors, principally; the 1.64% 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 Florida and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and extensive research done by the National Association of Homebuilders. Florida home value data is provided by Zillow.

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