Berwick-Maine Savings

Improve your Berwick Home’s Asking Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows can increase 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to determine : What’s the return on energy savings when selling the house? The following is what we estimated in Berwick:

Put differently, a window upgrade in Berwick can add anywhere from 0.25% percent and 1.18 % percent to the asking price of your home through the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Berwick homeowner is relatively clear.

The variation between the range for Berwick and Portland, which for reference, would yield a potential premium range of 0.25% percent and 0.37% percent respectively, is derived from a number of factors, especially; the -0.17% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Portland-South Portland region, and energy cost differences between Berwick and Portland.

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

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