Island Park-New York Savings

Improve your Island Park Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to estimate : What’s the ROI on energy savings when it comes time to sell? This is what we discovered in Island Park:

Another way to look at it, a window investment in Island Park can add between 0.48% percent and 2.39 % 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 initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Island Park homeowner is relatively clear.

The variation between the range for Island Park and Buffalo, which for reference, would yield a potential premium range of 0.35% percent and 0.49% percent respectively, is derived from a number of factors, in particular; the 3.98% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and heating & cooling cost differences between Island Park and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and extensive research performed by the NAHB. Island Park home value data is provided by Zillow.

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