Bangor-Pennsylvania Savings

Improve your Bangor Home’s Resale Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows may 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 determine : What’s the premium for energy savings on the market? What follows is what we uncovered in Bangor:

In other words, a window investment in Bangor can add anywhere from 0.36% percent and 1.35 % 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 Bangor homeowner is relatively strong.

The variation between the range for Bangor and Philadelphia, which for reference, would yield a potential premium range of 0.36% percent and 0.53% percent respectively, can be estimated from a number of factors, particularly; the 0.05% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Allentown-Bethlehem-Easton region, and energy price differences between Bangor and Philadelphia.

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

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