Oneida-New York Savings

Build your Oneida Home’s Value through Energy Savings

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Switching 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 return on investment on energy savings when it comes time to sell? What follows is what we uncovered in Oneida:

In other words, a window investment in Oneida can add between 0.76% percent and 2.67 % percent to the sale price of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Oneida homeowner is quite strong.

The variation between the range for Oneida and Buffalo, which for reference, would yield a potential premium range of 0.76% percent and 1.01% percent respectively, may come from a number of factors, particularly; the 0.1% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Syracuse region, and energy cost differences between Oneida and Buffalo.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and extensive research executed by the NAHB. Oneida home value data is provided by Zillow.

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