West Sand Lake-New York Savings

Improve your West Sand Lake Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could 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 uncover : What’s the return on energy savings when it comes time to sell? Below is what we uncovered in West Sand Lake:

Put differently, a window upgrade in West Sand Lake can add between 0.5% percent and 2.16 % percent to the asking price of your home through 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 Sand Lake homeowner is quite strong.

The variation between the range for West Sand Lake and Buffalo, which for reference, would yield a potential premium range of 0.45% percent and 0.66% percent respectively, can be estimated from a number of factors, primarily; the 1.22% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Albany-Schenectady-Troy region, and energy cost differences between West Sand Lake and Buffalo.

The data presented is based on EnergyStar, the NREL,Department of Energy and expert research performed by the National Association of Homebuilders. West Sand Lake home value data is provided by Zillow.

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