Thornwood-New York Savings

Improve your Thornwood Home’s Value through Energy Savings

[lme-module module=”market-stats” city=”Thornwood” state=”NY”]

Switching your windows to EnergyStar rated National Vinyl windows may increase 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 it comes time to sell? What follows is what we discovered in Thornwood:

In other words, a window upgrade in Thornwood can add anywhere from 0.41% percent and 2.19 % 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 Thornwood homeowner is quite clear.

The variation between the range for Thornwood and Buffalo, which for reference, would yield a potential premium range of 0.28% percent and 0.39% percent respectively, can be estimated from a number of factors, primarily; the 5.23% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the New York-Newark-Jersey City region, and heating & cooling price differences between Thornwood and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research executed by the NAHB. Thornwood home value data is provided by Zillow.

[lme-module module=”market-activity” city=”Thornwood” state=”NY”]

Directions from Thornwood to our headquarters