Stonington-Connecticut Savings

Increase your Stonington Home’s Resale Price through Energy Savings

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Replacing 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 estimate : What’s the premium for energy savings when selling the house? Here is what we found in Stonington:

Another way to look at it, a window investment in Stonington can add between 0.36% percent and 1.62 % 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 upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Stonington homeowner is relatively clear.

The variation between the range for Stonington and Hartford, which for reference, would yield a potential premium range of 0.3% percent and 0.44% percent respectively, may come from a number of factors, in particular; the 1.96% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Norwich-New London region, and energy price differences between Stonington and Hartford.

The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research conducted by the National Association of Homebuilders. Stonington home value data is provided by Zillow.

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