Hicksville-New York Savings

Improve your Hicksville Home’s Asking Price through Energy Savings

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

In addition, many buyers are willing to pay a premium for energy savings. Here we try to ascertain : What’s the premium for energy savings when it comes time to sell? What follows is what we discovered in Hicksville:

Put differently, a window investment in Hicksville can add anywhere from 0.49% percent and 2.43 % percent to the value of your home by way of 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 Hicksville homeowner is quite clear.

The variation between the range for Hicksville and Buffalo, which for reference, would yield a potential premium range of 0.37% percent and 0.51% percent respectively, may come from a number of factors, in particular; the 3.79% 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 price differences between Hicksville and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and extensive research performed by the National Association of Homebuilders. Hicksville home value data is provided by Zillow.

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