Andover-Massachusetts Savings

Improve your Andover Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could add to 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 estimate : What’s the return on investment on energy savings if you put your house up for sale? The following is what we found in Andover:

Put differently, a window upgrade in Andover can add between 0.19% percent and 0.79 % percent to the value 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 Andover homeowner is relatively strong.

The variation between the range for Andover and Boston, which for reference, would yield a potential premium range of 0.19% percent and 0.26% percent respectively, is dependent on a number of factors, principally; the 0.01% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Boston-Cambridge-Newton region, and energy price differences between Andover and Boston.

The data presented is derived from EnergyStar, the NREL,Department of Energy and meticulous research performed by the NAHB. Andover home value data is provided by Zillow.

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