Thiells-New York Savings

Grow your Thiells Home’s Value 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the return on energy savings if you sell your home? The following is what we discovered in Thiells:

In other words, a window investment in Thiells can add anywhere from 0.32% percent and 1.58 % percent to the sale 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 Thiells homeowner is relatively strong.

The variation between the range for Thiells and Buffalo, which for reference, would yield a potential premium range of 0.25% percent and 0.37% percent respectively, may come from a number of factors, primarily; the 2.93% percent difference in median home prices, a buyers’ willingness 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 Thiells and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and expert research performed by the NAHB. Thiells home value data is provided by Zillow.

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