Syracuse-New York Savings

Increase your Syracuse Home’s Asking Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows can 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to figure out : What’s the premium for energy savings when selling the house? Here is what we estimated in Syracuse:

In other words, a window investment in Syracuse can add between 0.86% percent and 2.97 % percent to the sale price of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Syracuse homeowner is quite strong.

The variation between the range for Syracuse and Buffalo, which for reference, would yield a potential premium range of 0.87% percent and 1.15% percent respectively, may come from a number of factors, notably; the -0.04% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Syracuse region, and energy price differences between Syracuse and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and meticulous research performed by the NAHB. Syracuse home value data is provided by Zillow.

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