Salem-New York Savings

Increase your Salem Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can increase 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 find out : What’s the premium for energy savings on the market? What follows is what we estimated in Salem:

In other words, a window investment in Salem can add between 0.72% percent and 2.54 % 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 upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Salem homeowner is quite clear.

The variation between the range for Salem and Buffalo, which for reference, would yield a potential premium range of 0.71% percent and 0.94% percent respectively, may come from a number of factors, primarily; the 0.17% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Glens Falls region, and heating & cooling cost differences between Salem and Buffalo.

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

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