Montauk-New York Savings

Build your Montauk Home’s Resale Price through Energy Savings

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

In addition, many buyers are willing to pay a premium for energy savings. Here we try to uncover : What’s the return on investment on energy savings if you put your house up for sale? What follows is what we found in Montauk:

Another way to look at it, a window upgrade in Montauk can add between 0.34% percent and 2.45 % percent to the asking 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 Montauk homeowner is relatively strong.

The variation between the range for Montauk and Buffalo, which for reference, would yield a potential premium range of 0.16% percent and 0.25% percent respectively, can be estimated from a number of factors, principally; the 12.86% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and heating & cooling price differences between Montauk and Buffalo.

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

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