Kennebunkport-Maine Savings

Increase your Kennebunkport Home’s Value through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows could increase 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 evaluate : What’s the return on energy savings if you put your house up for sale? Here is what we found in Kennebunkport:

In other words, a window upgrade in Kennebunkport can add anywhere from 0.21% percent and 1.1 % percent to the asking price of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Kennebunkport homeowner is quite strong.

The variation between the range for Kennebunkport and Portland, which for reference, would yield a potential premium range of 0.2% percent and 0.28% percent respectively, is dependent on a number of factors, in particular; the 0.84% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Portland-South Portland region, and energy cost differences between Kennebunkport and Portland.

The data presented is based on EnergyStar, the NREL,Department of Energy and incredible research done by the National Association of Homebuilders. Kennebunkport home value data is provided by Zillow.

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