Hanover-Pennsylvania Savings

Build your Hanover Home’s Resale Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows could add to 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 return on energy savings on the market? Below is what we uncovered in Hanover:

Put differently, a window investment in Hanover can add between 0.31% percent and 1.2 % percent to the value of your home through 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 Hanover homeowner is quite clear.

The variation between the range for Hanover and Philadelphia, which for reference, would yield a potential premium range of 0.31% percent and 0.45% percent respectively, is derived from a number of factors, particularly; the 0.22% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Allentown-Bethlehem-Easton region, and energy price differences between Hanover and Philadelphia.

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

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