Oneonta-New York Savings

Grow your Oneonta Home’s Asking Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows can increase the sale 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 ascertain : What’s the return on energy savings on the market? What follows is what we discovered in Oneonta:

In other words, a window upgrade in Oneonta can add between 0.68% percent and 2.75 % percent to the value of your home by way of 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 Oneonta homeowner is quite strong.

The variation between the range for Oneonta and Buffalo, which for reference, would yield a potential premium range of 0.65% percent and 0.95% percent respectively, may come from a number of factors, particularly; the 0.54% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Oneonta region, and heating & cooling cost differences between Oneonta and Buffalo.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and professional research performed by the National Association of Homebuilders. Oneonta home value data is provided by Zillow.

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