Beverly-Massachusetts Savings

Increase your Beverly Home’s Asking Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows may 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to uncover : What’s the premium for energy savings if you put your house up for sale? Below is what we found in Beverly:

Another way to look at it, a window upgrade in Beverly can add anywhere from 0.13% percent and 0.58 % percent to the value of your home via 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 Beverly homeowner is quite strong.

The variation between the range for Beverly and Boston, which for reference, would yield a potential premium range of 0.14% percent and 0.2% percent respectively, can be estimated from a number of factors, in particular; the -0.21% 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 Beverly and Boston.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and incredible research conducted by the National Association of Homebuilders. Beverly home value data is provided by Zillow.

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