Hancock-New York Savings

Increase your Hancock Home’s Value through Energy Savings

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Switching 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to estimate : What’s the return on investment on energy savings on the market? What follows is what we found in Hancock:

Another way to look at it, a window investment in Hancock can add anywhere from 0.68% percent and 2.44 % percent to the value of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Hancock homeowner is quite clear.

The variation between the range for Hancock and Buffalo, which for reference, would yield a potential premium range of 0.67% percent and 0.89% percent respectively, can be estimated from a number of factors, particularly; the 0.24% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the region, and energy cost differences between Hancock and Buffalo.

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

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