Madison-New York Savings

Grow your Madison Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can 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 figure out : What’s the premium for energy savings on the market? Below is what we uncovered in Madison:

Put differently, a window upgrade in Madison can add between 0.63% percent and 2.29 % percent to the sale price 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Madison homeowner is quite clear.

The variation between the range for Madison and Buffalo, which for reference, would yield a potential premium range of 0.61% percent and 0.82% percent respectively, is derived from a number of factors, in particular; the 0.35% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Syracuse region, and heating & cooling price differences between Madison and Buffalo.

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

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