Herkimer-New York Savings

Grow your Herkimer Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may increase the sale 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 uncover : What’s the premium for energy savings when it comes time to sell? This is what we uncovered in Herkimer:

Put differently, a window upgrade in Herkimer can add between 0.95% percent and 3.22 % percent to the value of your home by way of 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 Herkimer homeowner is relatively strong.

The variation between the range for Herkimer and Buffalo, which for reference, would yield a potential premium range of 0.96% percent and 1.28% percent respectively, may come from a number of factors, principally; the -0.14% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Utica-Rome region, and energy price differences between Herkimer and Buffalo.

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

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