Lunenburg-Massachusetts Savings

Increase your Lunenburg Home’s Asking Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows may 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to figure out : What’s the return on energy savings if you put your house up for sale? Here is what we uncovered in Lunenburg:

Put differently, a window investment in Lunenburg can add between 0.19% percent and 0.8 % percent to the value of your home through 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 Lunenburg homeowner is relatively strong.

The variation between the range for Lunenburg and Boston, which for reference, would yield a potential premium range of 0.2% percent and 0.29% percent respectively, can be estimated from a number of factors, in particular; the -0.46% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Worcester region, and energy price differences between Lunenburg and Boston.

The data presented is based on EnergyStar, the NREL,Department of Energy and professional research conducted by the NAHB. Lunenburg home value data is provided by Zillow.

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