Westbury-New York Savings

Grow your Westbury Home’s Value through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may 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 figure out : What’s the return on investment on energy savings when it comes time to sell? What follows is what we estimated in Westbury:

Another way to look at it, a window upgrade in Westbury can add between 0.49% percent and 2.42 % percent to the value 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Westbury homeowner is quite clear.

The variation between the range for Westbury and Buffalo, which for reference, would yield a potential premium range of 0.36% percent and 0.51% percent respectively, is derived from a number of factors, principally; the 3.83% 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 price differences between Westbury and Buffalo.

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

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