Tully-New York Savings

Improve your Tully Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows can increase the value 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 on the market? Below is what we found in Tully:

Put differently, a window upgrade in Tully can add anywhere from 0.55% percent and 2.33 % percent to the sale 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Tully homeowner is relatively clear.

The variation between the range for Tully and Buffalo, which for reference, would yield a potential premium range of 0.5% percent and 0.74% percent respectively, is dependent on a number of factors, notably; the 0.97% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Syracuse region, and energy price differences between Tully and Buffalo.

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

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