Castleton-Vermont Savings

Increase your Castleton Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can increase 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 determine : What’s the return on energy savings when it comes time to sell? Below is what we uncovered in Castleton:

In other words, a window upgrade in Castleton can add between 0.61% percent and 2.64 % percent to the value 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 worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Castleton homeowner is relatively clear.

The variation between the range for Castleton and Burlington, which for reference, would yield a potential premium range of 0.59% percent and 0.86% percent respectively, can be estimated from a number of factors, notably; the 0.42% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Rutland region, and energy cost differences between Castleton and Burlington.

The data presented is based on EnergyStar, the NREL,Department of Energy and expert research performed by the NAHB. Castleton home value data is provided by Zillow.

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