Essex-Massachusetts Savings

Increase your Essex 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 estimate : What’s the ROI on energy savings if you put your house up for sale? Here is what we discovered in Essex:

In other words, a window investment in Essex can add anywhere from 0.21% percent and 0.87 % percent to the asking price of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Essex homeowner is quite clear.

The variation between the range for Essex and Boston, which for reference, would yield a potential premium range of 0.21% percent and 0.3% percent respectively, may come from a number of factors, particularly; the -0.11% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Boston-Cambridge-Newton region, and heating & cooling cost differences between Essex and Boston.

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

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