Sharon Springs-New York Savings

Build your Sharon 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 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 determine : What’s the return on energy savings if you put your house up for sale? Below is what we uncovered in Sharon Springs:

In other words, a window upgrade in Sharon Springs can add between 0.87% percent and 2.98 % percent to the value of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Sharon Springs homeowner is relatively clear.

The variation between the range for Sharon Springs and Buffalo, which for reference, would yield a potential premium range of 0.87% percent and 1.16% percent respectively, may come from a number of factors, particularly; the -0.05% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Albany-Schenectady-Troy region, and heating & cooling price differences between Sharon Springs and Buffalo.

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

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