Gloucester-Massachusetts Savings

Increase your Gloucester Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could 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.

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 if you sell your home? The following is what we found in Gloucester:

Another way to look at it, a window investment in Gloucester can add anywhere from 0.14% percent and 0.6 % percent to the sale price of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Gloucester homeowner is relatively strong.

The variation between the range for Gloucester and Boston, which for reference, would yield a potential premium range of 0.14% percent and 0.21% percent respectively, is dependent on a number of factors, primarily; the -0.25% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Boston-Cambridge-Newton region, and energy price differences between Gloucester and Boston.

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

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