Locust Valley-New York Savings

Build your Locust Valley Home’s Resale Price through Energy Savings

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Switching 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to uncover : What’s the return on investment on energy savings when it comes time to sell? Below is what we found in Locust Valley:

Another way to look at it, a window investment in Locust Valley can add anywhere from 0.37% percent and 2.07 % 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 upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Locust Valley homeowner is relatively clear.

The variation between the range for Locust Valley and Buffalo, which for reference, would yield a potential premium range of 0.24% percent and 0.33% percent respectively, is derived from a number of factors, in particular; the 6.34% 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 Locust Valley and Buffalo.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and meticulous research conducted by the National Association of Homebuilders. Locust Valley home value data is provided by Zillow.

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