Laurel-New York Savings

Build your Laurel Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could add to 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 find out : What’s the return on investment on energy savings on the market? Here is what we found in Laurel:

Another way to look at it, a window investment in Laurel can add anywhere from 0.43% percent and 2.24 % percent to the sale price 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 initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Laurel homeowner is quite strong.

The variation between the range for Laurel and Buffalo, which for reference, would yield a potential premium range of 0.3% percent and 0.42% percent respectively, is derived from a number of factors, primarily; the 4.88% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and heating & cooling price differences between Laurel and Buffalo.

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

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