Great Neck-New York Savings

Grow your Great Neck Home’s Value through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows could 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the ROI on energy savings if you put your house up for sale? What follows is what we discovered in Great Neck:

Put differently, a window upgrade in Great Neck can add between 0.37% percent and 2.57 % percent to the asking price of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Great Neck homeowner is quite clear.

The variation between the range for Great Neck and Buffalo, which for reference, would yield a potential premium range of 0.19% percent and 0.3% percent respectively, is derived from a number of factors, primarily; the 10.27% percent difference in median home prices, a buyers’ likelihood 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 Great Neck and Buffalo.

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

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