Old Westbury-New York Savings

Grow your Old Westbury Home’s Value through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows could 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to estimate : What’s the return on energy savings if you sell your home? What follows is what we uncovered in Old Westbury:

Put differently, a window upgrade in Old Westbury can add between 0.29% percent and 2.3 % percent to the asking price of your home by way of 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 Old Westbury homeowner is quite strong.

The variation between the range for Old Westbury and Buffalo, which for reference, would yield a potential premium range of 0.11% percent and 0.17% percent respectively, may come from a number of factors, particularly; the 19.16% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and energy cost differences between Old Westbury and Buffalo.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and incredible research performed by the NAHB. Old Westbury home value data is provided by Zillow.

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