Biddeford-Maine Savings

Increase your Biddeford Home’s Asking Price through Energy Savings

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

In addition, many buyers are willing to pay a premium for energy savings. Here we try to ascertain : What’s the return on investment on energy savings when it comes time to sell? This is what we estimated in Biddeford:

In other words, a window upgrade in Biddeford can add anywhere from 0.24% percent and 1.14 % percent to the asking price of your home by way of 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 Biddeford homeowner is relatively clear.

The variation between the range for Biddeford and Portland, which for reference, would yield a potential premium range of 0.24% percent and 0.35% percent respectively, is dependent on a number of factors, especially; the -0.13% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Portland-South Portland region, and heating & cooling price differences between Biddeford and Portland.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and expert research done by the NAHB. Biddeford home value data is provided by Zillow.

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