Gorham-Maine Savings

Build your Gorham Home’s Resale Price through Energy Savings

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Switching 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the premium for energy savings if you sell your home? Here is what we found in Gorham:

Put differently, a window investment in Gorham can add anywhere from 0.22% percent and 1.07 % percent to the value of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Gorham homeowner is relatively strong.

The variation between the range for Gorham and Portland, which for reference, would yield a potential premium range of 0.22% percent and 0.32% percent respectively, is dependent on a number of factors, in particular; the -0.06% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Portland-South Portland region, and heating & cooling price differences between Gorham and Portland.

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

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