Shokan-New York Savings

Increase your Shokan Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could add to the sale 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 figure out : What’s the return on investment on energy savings if you put your house up for sale? Below is what we found in Shokan:

Put differently, a window upgrade in Shokan can add anywhere from 0.44% percent and 1.99 % 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Shokan homeowner is relatively strong.

The variation between the range for Shokan and Buffalo, which for reference, would yield a potential premium range of 0.39% percent and 0.57% percent respectively, is derived from a number of factors, notably; the 1.55% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Kingston region, and energy price differences between Shokan and Buffalo.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and expert research done by the NAHB. Shokan home value data is provided by Zillow.

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