Groton Long Point-Connecticut Savings

Build your Groton Long Point Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows could increase the value 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 answer the question : What’s the premium for energy savings if you put your house up for sale? What follows is what we uncovered in Groton Long Point:

Put differently, a window upgrade in Groton Long Point can add between 0.37% percent and 1.94 % percent to the sale price of your home via 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 Groton Long Point homeowner is relatively clear.

The variation between the range for Groton Long Point and Hartford, which for reference, would yield a potential premium range of 0.25% percent and 0.35% percent respectively, can be estimated from a number of factors, primarily; the 5.22% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Norwich-New London region, and heating & cooling cost differences between Groton Long Point and Hartford.

The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research performed by the NAHB. Groton Long Point home value data is provided by Zillow.

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