Durham-Connecticut Savings

Increase your Durham Home’s Value through Energy Savings

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Switching 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 ascertain : What’s the return on energy savings on the market? The following is what we estimated in Durham:

Put differently, a window investment in Durham can add between 0.39% percent and 1.72 % percent to the asking price of your home through 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 Durham homeowner is relatively strong.

The variation between the range for Durham and Hartford, which for reference, would yield a potential premium range of 0.34% percent and 0.49% percent respectively, is dependent on a number of factors, notably; the 1.65% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Hartford-West Hartford-East Hartford region, and energy price differences between Durham and Hartford.

The data presented is derived from EnergyStar, the NREL,Department of Energy and meticulous research performed by the NAHB. Durham home value data is provided by Zillow.

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