Newark Valley-New York Savings

Increase your Newark Valley Home’s Asking Price through Energy Savings

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Upgrading 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 evaluate : What’s the ROI on energy savings if you put your house up for sale? The following is what we uncovered in Newark Valley:

Another way to look at it, a window investment in Newark Valley can add between 0.71% percent and 2.51 % percent to the sale price 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 Newark Valley homeowner is quite strong.

The variation between the range for Newark Valley and Buffalo, which for reference, would yield a potential premium range of 0.7% percent and 0.93% percent respectively, can be estimated from a number of factors, notably; the 0.19% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Binghamton region, and heating & cooling price differences between Newark Valley and Buffalo.

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

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