Kittery Point-Maine Savings

Grow your Kittery Point Home’s Resale Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows can 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to estimate : What’s the premium for energy savings on the market? The following is what we found in Kittery Point:

In other words, a window upgrade in Kittery Point can add between 0.16% percent and 0.81 % percent to the value 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 initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Kittery Point homeowner is relatively strong.

The variation between the range for Kittery Point and Portland, which for reference, would yield a potential premium range of 0.15% percent and 0.22% percent respectively, is derived from a number of factors, principally; the 0.36% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Portland-South Portland region, and energy cost differences between Kittery Point and Portland.

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

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