Pine Plains-New York Savings

Grow your Pine Plains Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may 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 determine : What’s the return on energy savings when it comes time to sell? This is what we uncovered in Pine Plains:

Another way to look at it, a window investment in Pine Plains can add between 0.47% percent and 2.07 % percent to the value of your home through 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 Pine Plains homeowner is quite strong.

The variation between the range for Pine Plains and Buffalo, which for reference, would yield a potential premium range of 0.42% percent and 0.61% percent respectively, is derived from a number of factors, notably; the 1.38% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and heating & cooling cost differences between Pine Plains and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and expert research conducted by the National Association of Homebuilders. Pine Plains home value data is provided by Zillow.

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