Monticello-New York Savings

Improve your Monticello Home’s Asking Price through Energy Savings

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Switching 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the premium for energy savings when selling the house? What follows is what we uncovered in Monticello:

In other words, a window upgrade in Monticello can add anywhere from 1.02% percent and 3.42 % percent to the value of your home via 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 Monticello homeowner is quite clear.

The variation between the range for Monticello and Buffalo, which for reference, would yield a potential premium range of 1.03% percent and 1.37% percent respectively, may come from a number of factors, particularly; the -0.2% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the region, and energy price differences between Monticello and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and meticulous research conducted by the NAHB. Monticello home value data is provided by Zillow.

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