New Hyde Park-New York Savings

Improve your New Hyde Park Home’s Asking Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows could 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to answer the question : What’s the return on investment on energy savings if you sell your home? This is what we estimated in New Hyde Park:

Another way to look at it, a window investment in New Hyde Park can add anywhere from 0.4% percent and 2.14 % percent to the value 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 New Hyde Park homeowner is quite clear.

The variation between the range for New Hyde Park and Buffalo, which for reference, would yield a potential premium range of 0.26% percent and 0.37% percent respectively, may come from a number of factors, particularly; the 5.63% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and energy cost differences between New Hyde Park and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and expert research performed by the National Association of Homebuilders. New Hyde Park home value data is provided by Zillow.

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