New London-Connecticut Savings

Grow your New London Home’s Resale Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could 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 estimate : What’s the return on investment on energy savings when it comes time to sell? What follows is what we estimated in New London:

Another way to look at it, a window investment in New London can add between 0.64% percent and 2.52 % percent to the asking price of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a New London homeowner is quite strong.

The variation between the range for New London and Hartford, which for reference, would yield a potential premium range of 0.61% percent and 0.89% percent respectively, may come from a number of factors, particularly; the 0.47% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Norwich-New London region, and heating & cooling price differences between New London and Hartford.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and meticulous research performed by the National Association of Homebuilders. New London home value data is provided by Zillow.

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