Lewiston-Maine Savings

Increase your Lewiston Home’s Asking Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may 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 ascertain : What’s the ROI on energy savings if you sell your home? Below is what we discovered in Lewiston:

Put differently, a window investment in Lewiston can add anywhere from 0.41% percent and 1.86 % percent to the asking price of your home via 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 Lewiston homeowner is quite strong.

The variation between the range for Lewiston and Portland, which for reference, would yield a potential premium range of 0.43% percent and 0.63% percent respectively, is dependent on a number of factors, principally; the -0.51% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Lewiston-Auburn region, and heating & cooling price differences between Lewiston and Portland.

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

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