Shirley-New York Savings

Improve your Shirley Home’s Value through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows could 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the premium for energy savings if you sell your home? The following is what we discovered in Shirley:

Another way to look at it, a window upgrade in Shirley can add between 0.41% percent and 1.88 % percent to the sale 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 Shirley homeowner is relatively strong.

The variation between the range for Shirley and Buffalo, which for reference, would yield a potential premium range of 0.35% percent and 0.52% percent respectively, may come from a number of factors, especially; the 1.81% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and energy price differences between Shirley and Buffalo.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and extensive research performed by the NAHB. Shirley home value data is provided by Zillow.

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