Smyrna-New York Savings

Grow your Smyrna Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may 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 estimate : What’s the return on investment on energy savings when it comes time to sell? Here is what we uncovered in Smyrna:

Put differently, a window upgrade in Smyrna can add anywhere from 0.92% percent and 3.14 % 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 upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Smyrna homeowner is relatively strong.

The variation between the range for Smyrna and Buffalo, which for reference, would yield a potential premium range of 0.93% percent and 1.24% percent respectively, can be estimated from a number of factors, primarily; the -0.11% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the region, and energy price differences between Smyrna and Buffalo.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and meticulous research executed by the NAHB. Smyrna home value data is provided by Zillow.

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