Pawtucket-Rhode Island Savings

Increase your Pawtucket Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could 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 ascertain : What’s the return on energy savings when it comes time to sell? The following is what we discovered in Pawtucket:

Put differently, a window investment in Pawtucket can add anywhere from 0.3% percent and 1.3 % 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 Pawtucket homeowner is relatively strong.

The variation between the range for Pawtucket and Providence, 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, notably; the -0.04% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Providence-Warwick region, and heating & cooling cost differences between Pawtucket and Providence.

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

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