Milford-Pennsylvania Savings

Improve your Milford Home’s Value through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows can 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 evaluate : What’s the premium for energy savings when it comes time to sell? What follows is what we found in Milford:

Another way to look at it, a window upgrade in Milford can add between 0.33% percent and 1.24 % percent to the sale price of your home through the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront worth 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 Philadelphia, which for reference, would yield a potential premium range of 0.32% percent and 0.47% percent respectively, may come from a number of factors, especially; the 0.16% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the New York-Newark-Jersey City region, and energy cost differences between Milford and Philadelphia.

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

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