Pelham-New York Savings

Increase your Pelham Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could add to 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to find out : What’s the return on energy savings on the market? Here is what we uncovered in Pelham:

Put differently, a window upgrade in Pelham can add anywhere from 0.34% percent and 1.96 % percent to the asking price of your home through 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 Pelham homeowner is quite clear.

The variation between the range for Pelham and Buffalo, which for reference, would yield a potential premium range of 0.2% percent and 0.28% percent respectively, is derived from a number of factors, principally; the 7.78% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and heating & cooling cost differences between Pelham and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and expert research executed by the NAHB. Pelham home value data is provided by Zillow.

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