West End-New York Savings

Build your West End Home’s Asking Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows can add to 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.

In addition, 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? Here is what we found in West End:

In other words, a window upgrade in West End can add anywhere from 0.71% percent and 2.85 % 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a West End homeowner is quite clear.

The variation between the range for West End and Buffalo, which for reference, would yield a potential premium range of 0.68% percent and 1% percent respectively, may come from a number of factors, particularly; the 0.46% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Oneonta region, and energy cost differences between West End and Buffalo.

The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research performed by the NAHB. West End home value data is provided by Zillow.

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