Lisbon Falls-Maine Savings

Increase your Lisbon Falls Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could increase 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 figure out : What’s the return on energy savings if you sell your home? The following is what we uncovered in Lisbon Falls:

In other words, a window upgrade in Lisbon Falls can add anywhere from 0.38% percent and 1.74 % percent to the asking 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 upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Lisbon Falls homeowner is quite strong.

The variation between the range for Lisbon Falls and Portland, which for reference, would yield a potential premium range of 0.4% percent and 0.58% percent respectively, is derived from a number of factors, especially; the -0.48% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Lewiston-Auburn region, and heating & cooling cost differences between Lisbon Falls and Portland.

The data presented is based on EnergyStar, the NREL,Department of Energy and professional research executed by the National Association of Homebuilders. Lisbon Falls home value data is provided by Zillow.

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