Hamilton-New York Savings

Build your Hamilton Home’s Value through Energy Savings

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Upgrading 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 evaluate : What’s the return on energy savings when selling the house? This is what we estimated in Hamilton:

In other words, a window upgrade in Hamilton can add between 0.66% percent and 2.69 % 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Hamilton homeowner is relatively clear.

The variation between the range for Hamilton and Buffalo, which for reference, would yield a potential premium range of 0.63% percent and 0.92% percent respectively, can be estimated from a number of factors, notably; the 0.59% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Syracuse region, and energy cost differences between Hamilton and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and incredible research conducted by the National Association of Homebuilders. Hamilton home value data is provided by Zillow.

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