Cranston-Rhode Island Savings

Increase your Cranston Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could 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 evaluate : What’s the return on investment on energy savings if you sell your home? The following is what we estimated in Cranston:

In other words, a window upgrade in Cranston can add anywhere from 0.27% percent and 1.16 % percent to the asking price of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Cranston homeowner is relatively clear.

The variation between the range for Cranston and Providence, which for reference, would yield a potential premium range of 0.26% percent and 0.39% percent respectively, can be estimated from a number of factors, principally; the 0.08% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Providence-Warwick region, and heating & cooling cost differences between Cranston and Providence.

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

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