Groton-New York Savings

Grow your Groton Home’s Resale Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows can increase 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to determine : What’s the return on investment on energy savings if you sell your home? What follows is what we discovered in Groton:

Another way to look at it, a window upgrade in Groton can add between 0.64% percent and 2.3 % 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Groton homeowner is relatively strong.

The variation between the range for Groton and Buffalo, which for reference, would yield a potential premium range of 0.62% percent and 0.82% percent respectively, is derived from a number of factors, particularly; the 0.34% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Ithaca region, and heating & cooling price differences between Groton and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and extensive research performed by the NAHB. Groton home value data is provided by Zillow.

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