Manhasset Hills-New York Savings

Grow your Manhasset Hills Home’s Value through Energy Savings

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Replacing 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 find out : What’s the premium for energy savings when selling the house? Below is what we estimated in Manhasset Hills:

Put differently, a window upgrade in Manhasset Hills can add anywhere from 0.33% percent and 1.92 % percent to the value of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Manhasset Hills homeowner is relatively strong.

The variation between the range for Manhasset Hills and Buffalo, which for reference, would yield a potential premium range of 0.19% percent and 0.26% percent respectively, may come from a number of factors, notably; the 8.43% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and energy cost differences between Manhasset Hills and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and professional research performed by the NAHB. Manhasset Hills home value data is provided by Zillow.

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