Fryeburg-Maine Savings

Improve your Fryeburg Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can add to 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to figure out : What’s the return on investment on energy savings if you sell your home? The following is what we uncovered in Fryeburg:

Put differently, a window investment in Fryeburg can add anywhere from 0.32% percent and 1.5 % 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 initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Fryeburg homeowner is quite strong.

The variation between the range for Fryeburg and Portland, which for reference, would yield a potential premium range of 0.33% percent and 0.49% percent respectively, can be estimated from a number of factors, primarily; the -0.38% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the region, and heating & cooling price differences between Fryeburg and Portland.

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

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