Lawrence-Massachusetts Savings

Grow your Lawrence Home’s Resale Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows can 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to estimate : What’s the premium for energy savings if you sell your home? Below is what we found in Lawrence:

Another way to look at it, a window upgrade in Lawrence can add between 0.21% percent and 0.88 % 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Lawrence homeowner is relatively clear.

The variation between the range for Lawrence and Boston, which for reference, would yield a potential premium range of 0.22% percent and 0.33% percent respectively, may come from a number of factors, in particular; the -0.52% 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 Lawrence and Boston.

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

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