Wading River-New York Savings

Grow your Wading River Home’s Value through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows could 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 figure out : What’s the premium for energy savings if you sell your home? Below is what we found in Wading River:

In other words, a window upgrade in Wading River can add between 0.3% percent and 1.51 % percent to the value of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Wading River homeowner is relatively clear.

The variation between the range for Wading River and Buffalo, which for reference, would yield a potential premium range of 0.23% percent and 0.33% percent respectively, is derived from a number of factors, particularly; the 3.36% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and heating & cooling price differences between Wading River and Buffalo.

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

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