West Hempstead-New York Savings

Increase your West Hempstead Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows can 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the return on energy savings when selling the house? The following is what we estimated in West Hempstead:

Another way to look at it, a window investment in West Hempstead can add between 0.48% percent and 2.38 % percent to the asking 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 initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a West Hempstead homeowner is quite strong.

The variation between the range for West Hempstead and Buffalo, which for reference, would yield a potential premium range of 0.35% percent and 0.49% percent respectively, is dependent on a number of factors, principally; the 4.02% 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 heating & cooling cost differences between West Hempstead and Buffalo.

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

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