Lowell-Massachusetts Savings

Increase your Lowell Home’s Value through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may 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 uncover : What’s the return on energy savings if you put your house up for sale? The following is what we uncovered in Lowell:

Another way to look at it, a window upgrade in Lowell can add between 0.21% percent and 0.86 % percent to the sale price of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Lowell homeowner is relatively clear.

The variation between the range for Lowell and Boston, which for reference, would yield a potential premium range of 0.22% percent and 0.32% percent respectively, can be estimated from a number of factors, primarily; the -0.51% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Boston-Cambridge-Newton region, and energy cost differences between Lowell and Boston.

The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research conducted by the NAHB. Lowell home value data is provided by Zillow.

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