Nedrow-New York Savings

Improve your Nedrow Home’s Asking Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows may add to 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to answer the question : What’s the premium for energy savings when it comes time to sell? Here is what we uncovered in Nedrow:

In other words, a window upgrade in Nedrow can add between 0.97% percent and 3.27 % percent to the sale price of your home through the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Nedrow homeowner is relatively strong.

The variation between the range for Nedrow and Buffalo, which for reference, would yield a potential premium range of 0.98% percent and 1.3% percent respectively, may come from a number of factors, principally; the -0.15% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Syracuse region, and heating & cooling price differences between Nedrow and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and extensive research done by the NAHB. Nedrow home value data is provided by Zillow.

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