Newton-Massachusetts Savings

Improve your Newton Home’s Value through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to answer the question : What’s the return on energy savings if you sell your home? Here is what we discovered in Newton:

Put differently, a window upgrade in Newton can add anywhere from 0.14% percent and 0.72 % percent to the sale price of your home through 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 Newton homeowner is relatively strong.

The variation between the range for Newton and Boston, which for reference, would yield a potential premium range of 0.13% percent and 0.2% percent respectively, is dependent on a number of factors, principally; the 0.83% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Boston-Cambridge-Newton region, and heating & cooling cost differences between Newton and Boston.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and professional research conducted by the NAHB. Newton home value data is provided by Zillow.

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