Water Mill-New York Savings

Build your Water Mill Home’s Asking Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may increase 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 determine : What’s the ROI on energy savings if you put your house up for sale? Here is what we found in Water Mill:

Put differently, a window investment in Water Mill can add between 0.27% percent and 2.2 % percent to the sale price 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Water Mill homeowner is relatively strong.

The variation between the range for Water Mill and Buffalo, which for reference, would yield a potential premium range of 0.08% percent and 0.12% percent respectively, can be estimated from a number of factors, notably; the 26.48% 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 energy cost differences between Water Mill and Buffalo.

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

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