Newport-Rhode Island Savings

Improve your Newport Home’s Value 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 uncover : What’s the return on investment on energy savings if you sell your home? The following is what we discovered in Newport:

Put differently, a window investment in Newport can add between 0.27% percent and 1.3 % percent to the asking price of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Newport homeowner is quite clear.

The variation between the range for Newport and Providence, which for reference, would yield a potential premium range of 0.24% percent and 0.33% percent respectively, may come from a number of factors, notably; the 1.45% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price point in the Providence-Warwick region, and heating & cooling price differences between Newport and Providence.

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

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