Kennebunk-Maine Savings

Increase your Kennebunk Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can 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 determine : What’s the premium for energy savings when it comes time to sell? Here is what we uncovered in Kennebunk:

In other words, a window upgrade in Kennebunk can add anywhere from 0.18% percent and 0.92 % percent to the value of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Kennebunk homeowner is quite strong.

The variation between the range for Kennebunk and Portland, which for reference, would yield a potential premium range of 0.18% percent and 0.27% percent respectively, is derived from a number of factors, principally; the 0.14% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Portland-South Portland region, and heating & cooling cost differences between Kennebunk and Portland.

The data presented is based on EnergyStar, the NREL,Department of Energy and incredible research performed by the NAHB. Kennebunk home value data is provided by Zillow.

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