Greenport-New York Savings

Improve your Greenport Home’s Asking Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows can add to 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 find out : What’s the premium for energy savings if you sell your home? This is what we uncovered in Greenport:

Another way to look at it, a window upgrade in Greenport can add between 0.42% percent and 2.22 % percent to the asking price of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Greenport homeowner is quite strong.

The variation between the range for Greenport and Buffalo, which for reference, would yield a potential premium range of 0.29% percent and 0.41% percent respectively, can be estimated from a number of factors, principally; the 4.98% 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 price differences between Greenport and Buffalo.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and extensive research performed by the NAHB. Greenport home value data is provided by Zillow.

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