Ithaca-New York Savings

Increase your Ithaca Home’s Resale Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows could 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 uncover : What’s the premium for energy savings on the market? This is what we discovered in Ithaca:

In other words, a window investment in Ithaca can add anywhere from 0.45% percent and 2.02 % percent to the sale price of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Ithaca homeowner is quite strong.

The variation between the range for Ithaca and Buffalo, which for reference, would yield a potential premium range of 0.4% percent and 0.58% percent respectively, is dependent on a number of factors, especially; the 1.49% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Ithaca region, and heating & cooling cost differences between Ithaca and Buffalo.

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

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