Colchester-Connecticut Savings

Grow your Colchester Home’s Value through Energy Savings

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Switching 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to estimate : What’s the return on energy savings when it comes time to sell? What follows is what we uncovered in Colchester:

Another way to look at it, a window investment in Colchester can add anywhere from 0.44% percent and 1.88 % 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 Colchester homeowner is relatively strong.

The variation between the range for Colchester and Hartford, which for reference, would yield a potential premium range of 0.39% percent and 0.58% percent respectively, is dependent on a number of factors, particularly; the 1.28% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Norwich-New London region, and heating & cooling cost differences between Colchester and Hartford.

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

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