Bowdoinham-Maine Savings

Build your Bowdoinham Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows can add to the value 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 ascertain : What’s the premium for energy savings when it comes time to sell? Below is what we discovered in Bowdoinham:

Put differently, a window investment in Bowdoinham can add anywhere from 0.3% percent and 1.39 % percent to the sale 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 upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Bowdoinham homeowner is relatively clear.

The variation between the range for Bowdoinham and Portland, which for reference, would yield a potential premium range of 0.3% percent and 0.45% percent respectively, is derived from a number of factors, primarily; the -0.32% 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 Bowdoinham and Portland.

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

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