Rome-New York Savings

Grow your Rome Home’s Resale 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to answer the question : What’s the premium for energy savings when selling the house? Below is what we estimated in Rome:

Another way to look at it, a window upgrade in Rome can add anywhere from 0.8% percent and 2.77 % percent to the asking price of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Rome homeowner is relatively clear.

The variation between the range for Rome and Buffalo, which for reference, would yield a potential premium range of 0.79% percent and 1.05% percent respectively, can be estimated from a number of factors, principally; the 0.05% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Utica-Rome region, and heating & cooling cost differences between Rome and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and expert research executed by the NAHB. Rome home value data is provided by Zillow.

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