West Point-New York Savings

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

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Upgrading your windows to EnergyStar rated National Vinyl windows may add to 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 answer the question : What’s the return on energy savings when it comes time to sell? This is what we found in West Point:

Another way to look at it, a window investment in West Point can add between 0.37% percent and 1.73 % percent to the sale 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a West Point homeowner is relatively strong.

The variation between the range for West Point and Buffalo, which for reference, would yield a potential premium range of 0.3% percent and 0.44% percent respectively, is derived from a number of factors, in particular; the 2.28% 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 West Point and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and professional research executed by the NAHB. West Point home value data is provided by Zillow.

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