Turners Falls-Massachusetts Savings

Grow your Turners Falls Home’s Resale Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows may increase the asking 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the return on investment on energy savings when selling the house? Below is what we estimated in Turners Falls:

Put differently, a window investment in Turners Falls can add anywhere from 0.33% percent and 1.32 % 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 Turners Falls homeowner is relatively strong.

The variation between the range for Turners Falls and Boston, which for reference, would yield a potential premium range of 0.35% percent and 0.52% percent respectively, is dependent on a number of factors, particularly; the -0.7% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Greenfield Town region, and energy cost differences between Turners Falls and Boston.

The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research conducted by the NAHB. Turners Falls home value data is provided by Zillow.

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