North Babylon-New York Savings

Grow your North Babylon Home’s Value 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the ROI on energy savings when selling the house? This is what we discovered in North Babylon:

Put differently, a window upgrade in North Babylon can add anywhere from 0.32% percent and 1.59 % percent to the sale price of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a North Babylon homeowner is quite clear.

The variation between the range for North Babylon and Buffalo, which for reference, would yield a potential premium range of 0.25% percent and 0.37% percent respectively, is dependent on a number of factors, notably; the 2.91% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and heating & cooling cost differences between North Babylon and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and expert research performed by the NAHB. North Babylon home value data is provided by Zillow.

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