Greenwood Lake-New York Savings

Grow your Greenwood Lake Home’s Asking Price through Energy Savings

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Replacing 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to find out : What’s the ROI on energy savings if you put your house up for sale? Below is what we found in Greenwood Lake:

In other words, a window upgrade in Greenwood Lake can add anywhere from 0.47% percent and 2.07 % percent to the asking price of your home via 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 Greenwood Lake homeowner is relatively strong.

The variation between the range for Greenwood Lake and Buffalo, which for reference, would yield a potential premium range of 0.42% percent and 0.61% percent respectively, is dependent on a number of factors, principally; the 1.39% 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 Greenwood Lake and Buffalo.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and professional research executed by the National Association of Homebuilders. Greenwood Lake home value data is provided by Zillow.

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