Hopkinton-Massachusetts Savings

Increase your Hopkinton Home’s Asking Price through Energy Savings

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Upgrading 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to evaluate : What’s the return on energy savings if you put your house up for sale? What follows is what we uncovered in Hopkinton:

Put differently, a window investment in Hopkinton can add between 0.19% percent and 0.81 % percent to the sale price of your home through 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 Hopkinton homeowner is quite clear.

The variation between the range for Hopkinton and Boston, which for reference, would yield a potential premium range of 0.19% percent and 0.27% percent respectively, may come from a number of factors, particularly; the -0.03% 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 Hopkinton and Boston.

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

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