Chester-Massachusetts Savings

Grow your Chester Home’s Value through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows could 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to answer the question : What’s the return on energy savings on the market? Here is what we found in Chester:

Put differently, a window investment in Chester can add between 0.36% percent and 1.44 % percent to the asking price of your home through 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 Chester homeowner is quite clear.

The variation between the range for Chester and Boston, which for reference, would yield a potential premium range of 0.39% percent and 0.57% percent respectively, can be estimated from a number of factors, in particular; the -0.72% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Springfield region, and energy price differences between Chester and Boston.

The data presented is based on EnergyStar, the NREL,Department of Energy and extensive research conducted by the National Association of Homebuilders. Chester home value data is provided by Zillow.

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