Norwich-New York Savings

Increase your Norwich Home’s Value through Energy Savings

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

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the return on investment on energy savings on the market? What follows is what we discovered in Norwich:

In other words, a window investment in Norwich can add anywhere from 0.89% percent and 3.04 % percent to the asking price of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Norwich homeowner is relatively clear.

The variation between the range for Norwich and Buffalo, which for reference, would yield a potential premium range of 0.89% percent and 1.19% percent respectively, can be estimated from a number of factors, principally; the -0.07% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the region, and heating & cooling cost differences between Norwich and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research done by the National Association of Homebuilders. Norwich home value data is provided by Zillow.

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