Freeport-New York Savings

Improve your Freeport Home’s Asking 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 determine : What’s the return on energy savings if you sell your home? Here is what we found in Freeport:

Put differently, a window investment in Freeport can add anywhere from 0.31% percent and 1.57 % percent to the asking price of your home via 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 Freeport homeowner is quite strong.

The variation between the range for Freeport and Buffalo, which for reference, would yield a potential premium range of 0.25% percent and 0.36% percent respectively, may come from a number of factors, particularly; the 3.02% 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 heating & cooling price differences between Freeport and Buffalo.

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

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