Marcellus-New York Savings

Build your Marcellus Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows could 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 find out : What’s the return on energy savings on the market? What follows is what we discovered in Marcellus:

In other words, a window upgrade in Marcellus can add anywhere from 0.6% percent and 2.51 % 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Marcellus homeowner is quite clear.

The variation between the range for Marcellus and Buffalo, which for reference, would yield a potential premium range of 0.56% percent and 0.83% percent respectively, may come from a number of factors, principally; the 0.76% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Syracuse region, and energy price differences between Marcellus and Buffalo.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and professional research executed by the NAHB. Marcellus home value data is provided by Zillow.

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