Newington-Connecticut Savings

Increase your Newington Home’s Asking Price through Energy Savings

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Replacing 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 ascertain : What’s the return on investment on energy savings when selling the house? The following is what we found in Newington:

In other words, a window investment in Newington can add between 0.5% percent and 2.08 % percent to the value of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Newington homeowner is quite clear.

The variation between the range for Newington and Hartford, which for reference, would yield a potential premium range of 0.46% percent and 0.67% percent respectively, may come from a number of factors, notably; the 0.95% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Hartford-West Hartford-East Hartford region, and energy price differences between Newington and Hartford.

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

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