Ilion-New York Savings

Build your Ilion Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the return on investment on energy savings when it comes time to sell? Below is what we uncovered in Ilion:

In other words, a window upgrade in Ilion can add anywhere from 0.98% percent and 3.3 % percent to the sale price of your home through the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Ilion homeowner is quite strong.

The variation between the range for Ilion and Buffalo, which for reference, would yield a potential premium range of 0.99% percent and 1.32% percent respectively, can be estimated from a number of factors, principally; the -0.16% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Utica-Rome region, and heating & cooling price differences between Ilion and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and expert research conducted by the NAHB. Ilion home value data is provided by Zillow.

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