Long Lake-New York Savings

Increase your Long Lake Home’s Resale 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.

Moreover, 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 if you put your house up for sale? What follows is what we uncovered in Long Lake:

Another way to look at it, a window investment in Long Lake can add anywhere from 0.5% percent and 2.19 % percent to the asking 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 upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Long Lake homeowner is quite clear.

The variation between the range for Long Lake and Buffalo, which for reference, would yield a potential premium range of 0.46% percent and 0.67% percent respectively, is derived from a number of factors, in particular; the 1.18% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the region, and heating & cooling cost differences between Long Lake and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research done by the NAHB. Long Lake home value data is provided by Zillow.

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