Milford-Massachusetts Savings

Improve your Milford Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows may add to the sale 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 when it comes time to sell? The following is what we discovered in Milford:

Another way to look at it, a window investment in Milford can add anywhere from 0.18% percent and 0.76 % 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 strong.

The variation between the range for Milford and Boston, which for reference, would yield a potential premium range of 0.19% percent and 0.28% percent respectively, is derived from a number of factors, especially; the -0.43% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Worcester region, and heating & cooling cost differences between Milford and Boston.

The data presented is based on EnergyStar, the NREL,Department of Energy and expert research executed by the National Association of Homebuilders. Milford home value data is provided by Zillow.

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