Bristol-Connecticut Savings

Build your Bristol Home’s Asking Price through Energy Savings

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Upgrading 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 ascertain : What’s the premium for energy savings when it comes time to sell? Below is what we estimated in Bristol:

Put differently, a window investment in Bristol can add anywhere from 0.58% percent and 2.34 % percent to the value of your home via the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Bristol homeowner is relatively clear.

The variation between the range for Bristol and Hartford, which for reference, would yield a potential premium range of 0.55% percent and 0.81% percent respectively, may come from a number of factors, notably; the 0.63% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Hartford-West Hartford-East Hartford region, and heating & cooling cost differences between Bristol and Hartford.

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

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