Devens-Massachusetts Savings

Build your Devens Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may 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 find out : What’s the return on energy savings if you put your house up for sale? What follows is what we estimated in Devens:

In other words, a window upgrade in Devens can add between 0.17% percent and 0.72 % 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Devens homeowner is quite strong.

The variation between the range for Devens and Boston, which for reference, would yield a potential premium range of 0.18% percent and 0.26% percent respectively, can be estimated from a number of factors, principally; the -0.4% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Worcester region, and heating & cooling cost differences between Devens and Boston.

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

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