Manhasset-New York Savings

Grow your Manhasset Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may increase the asking 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to answer the question : What’s the ROI on energy savings if you sell your home? The following is what we uncovered in Manhasset:

Another way to look at it, a window upgrade in Manhasset can add between 0.33% percent and 2.43 % 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 initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Manhasset homeowner is relatively clear.

The variation between the range for Manhasset and Buffalo, which for reference, would yield a potential premium range of 0.15% percent and 0.24% percent respectively, is derived from a number of factors, primarily; the 13.39% 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 heating & cooling price differences between Manhasset and Buffalo.

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

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