Verona-New York Savings

Grow your Verona Home’s Value through Energy Savings

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Replacing 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 if you put your house up for sale? What follows is what we estimated in Verona:

In other words, a window upgrade in Verona can add between 0.69% percent and 2.45 % percent to the value 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 upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Verona homeowner is quite clear.

The variation between the range for Verona and Buffalo, which for reference, would yield a potential premium range of 0.67% percent and 0.9% percent respectively, can be estimated from a number of factors, in particular; the 0.23% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Utica-Rome region, and energy cost differences between Verona and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and professional research done by the National Association of Homebuilders. Verona home value data is provided by Zillow.

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