Hingham-Massachusetts Savings

Improve your Hingham Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may 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 estimate : What’s the ROI on energy savings if you put your house up for sale? The following is what we uncovered in Hingham:

Put differently, a window upgrade in Hingham can add between 0.15% percent and 0.65 % percent to the asking 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 upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Hingham homeowner is quite strong.

The variation between the range for Hingham and Boston, which for reference, would yield a potential premium range of 0.15% percent and 0.2% percent respectively, can be estimated from a number of factors, principally; the 0.3% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Boston-Cambridge-Newton region, and heating & cooling cost differences between Hingham and Boston.

The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research executed by the NAHB. Hingham home value data is provided by Zillow.

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