Ridge-New York Savings

Build your Ridge Home’s Asking Price through Energy Savings

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Upgrading 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to ascertain : What’s the ROI on energy savings if you sell your home? Here is what we found in Ridge:

Another way to look at it, a window investment in Ridge can add between 0.38% percent and 1.79 % percent to the asking price of your home via 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 Ridge homeowner is quite clear.

The variation between the range for Ridge and Buffalo, which for reference, would yield a potential premium range of 0.32% percent and 0.47% percent respectively, is dependent on a number of factors, especially; the 2.09% 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 Ridge and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research done by the NAHB. Ridge home value data is provided by Zillow.

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