Head of the Harbor-New York Savings

Grow your Head of the Harbor Home’s Value 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 return on investment on energy savings if you put your house up for sale? This is what we estimated in Head of the Harbor:

Put differently, a window investment in Head of the Harbor can add anywhere from 0.35% percent and 2 % 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Head of the Harbor homeowner is relatively strong.

The variation between the range for Head of the Harbor and Buffalo, which for reference, would yield a potential premium range of 0.21% percent and 0.3% percent respectively, may come from a number of factors, in particular; the 7.18% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and energy cost differences between Head of the Harbor and Buffalo.

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

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