Whitney Point-New York Savings

Build your Whitney Point Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could increase 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 answer the question : What’s the premium for energy savings on the market? The following is what we uncovered in Whitney Point:

Another way to look at it, a window upgrade in Whitney Point can add between 0.72% percent and 2.54 % percent to the sale 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 Whitney Point homeowner is quite clear.

The variation between the range for Whitney Point and Buffalo, which for reference, would yield a potential premium range of 0.71% percent and 0.94% percent respectively, is derived from a number of factors, especially; the 0.17% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Binghamton region, and energy price differences between Whitney Point and Buffalo.

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

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