Saranac Lake-New York Savings

Increase your Saranac Lake Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could add to the value 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 uncover : What’s the ROI on energy savings when it comes time to sell? Below is what we uncovered in Saranac Lake:

Another way to look at it, a window investment in Saranac Lake can add anywhere from 0.65% percent and 2.67 % 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Saranac Lake homeowner is relatively clear.

The variation between the range for Saranac Lake and Buffalo, which for reference, would yield a potential premium range of 0.62% percent and 0.9% percent respectively, is derived from a number of factors, principally; the 0.61% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Malone region, and energy cost differences between Saranac Lake and Buffalo.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and expert research executed by the National Association of Homebuilders. Saranac Lake home value data is provided by Zillow.

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