Danbury-Connecticut Savings

Increase your Danbury Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows can increase the asking 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 ROI on energy savings when selling the house? The following is what we uncovered in Danbury:

Put differently, a window upgrade in Danbury can add between 0.4% percent and 1.75 % percent to the asking price of your home by way of 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 Danbury homeowner is quite clear.

The variation between the range for Danbury and Hartford, which for reference, would yield a potential premium range of 0.35% percent and 0.51% percent respectively, may come from a number of factors, especially; the 1.58% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Bridgeport-Stamford-Norwalk region, and heating & cooling cost differences between Danbury and Hartford.

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

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