Saratoga Springs-New York Savings

Build your Saratoga Springs Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may add to 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the return on energy savings on the market? The following is what we found in Saratoga Springs:

In other words, a window investment in Saratoga Springs can add anywhere from 0.35% percent and 1.69 % percent to the value of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Saratoga Springs homeowner is quite strong.

The variation between the range for Saratoga Springs and Buffalo, which for reference, would yield a potential premium range of 0.29% percent and 0.42% percent respectively, is dependent on a number of factors, particularly; the 2.45% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Albany-Schenectady-Troy region, and heating & cooling cost differences between Saratoga Springs and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and incredible research performed by the NAHB. Saratoga Springs home value data is provided by Zillow.

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