South Floral Park-New York Savings

Build your South Floral Park Home’s Value through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows can 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 energy savings when selling the house? This is what we uncovered in South Floral Park:

In other words, a window investment in South Floral Park can add between 0.47% percent and 2.36 % percent to the asking price 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 initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a South Floral Park homeowner is quite strong.

The variation between the range for South Floral Park and Buffalo, which for reference, would yield a potential premium range of 0.34% percent and 0.47% percent respectively, can be estimated from a number of factors, particularly; the 4.16% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and heating & cooling cost differences between South Floral Park and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research executed by the National Association of Homebuilders. South Floral Park home value data is provided by Zillow.

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