Point Lookout-New York Savings

Improve your Point Lookout Home’s Value through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows could 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 find out : What’s the ROI on energy savings when selling the house? This is what we found in Point Lookout:

Put differently, a window investment in Point Lookout can add anywhere from 0.38% percent and 2.1 % percent to the value of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Point Lookout homeowner is relatively clear.

The variation between the range for Point Lookout and Buffalo, which for reference, would yield a potential premium range of 0.25% percent and 0.35% percent respectively, can be estimated from a number of factors, primarily; the 6.03% percent difference in median home prices, a buyers’ propensity 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 Point Lookout and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and professional research performed by the National Association of Homebuilders. Point Lookout home value data is provided by Zillow.

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