Southampton-New York Savings

Increase your Southampton Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may add to 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 determine : What’s the return on energy savings if you sell your home? Below is what we found in Southampton:

Another way to look at it, a window upgrade in Southampton can add between 0.31% percent and 2.38 % percent to the asking price of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Southampton homeowner is relatively strong.

The variation between the range for Southampton and Buffalo, which for reference, would yield a potential premium range of 0.13% percent and 0.21% percent respectively, can be estimated from a number of factors, especially; the 15.28% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and energy cost differences between Southampton and Buffalo.

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

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