Litchfield-Connecticut Savings

Grow your Litchfield Home’s Resale Price 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 ascertain : What’s the ROI on energy savings if you sell your home? Below is what we found in Litchfield:

In other words, a window upgrade in Litchfield can add between 0.41% percent and 1.78 % percent to the asking price of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Litchfield homeowner is quite strong.

The variation between the range for Litchfield and Hartford, which for reference, would yield a potential premium range of 0.36% percent and 0.52% percent respectively, may come from a number of factors, especially; the 1.51% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Torrington region, and heating & cooling cost differences between Litchfield and Hartford.

The data presented is based on EnergyStar, the NREL,Department of Energy and extensive research executed by the NAHB. Litchfield home value data is provided by Zillow.

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