Oriskany-New York Savings

Improve your Oriskany Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the premium for energy savings if you put your house up for sale? The following is what we found in Oriskany:

Another way to look at it, a window upgrade in Oriskany can add between 0.7% percent and 2.82 % percent to the value of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Oriskany homeowner is quite strong.

The variation between the range for Oriskany and Buffalo, which for reference, would yield a potential premium range of 0.67% percent and 0.98% percent respectively, is dependent on a number of factors, primarily; the 0.49% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Utica-Rome region, and energy cost differences between Oriskany and Buffalo.

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

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