Milford-Connecticut Savings

Increase your Milford Home’s Asking Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows could 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 evaluate : What’s the return on energy savings if you sell your home? This is what we found in Milford:

Another way to look at it, a window investment in Milford can add anywhere from 0.39% percent and 1.74 % percent to the value of your home via the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Milford homeowner is quite clear.

The variation between the range for Milford and Hartford, which for reference, would yield a potential premium range of 0.35% percent and 0.5% percent respectively, can be estimated from a number of factors, notably; the 1.6% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the New Haven-Milford region, and heating & cooling price differences between Milford and Hartford.

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

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