Nicholson-Pennsylvania Savings

Grow your Nicholson Home’s Value through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows can add to the value 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 determine : What’s the return on energy savings when it comes time to sell? Below is what we discovered in Nicholson:

In other words, a window upgrade in Nicholson can add between 0.42% percent and 1.37 % 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 value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Nicholson homeowner is relatively strong.

The variation between the range for Nicholson and Philadelphia, which for reference, would yield a potential premium range of 0.43% percent and 0.57% percent respectively, may come from a number of factors, in particular; the -0.27% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Scranton–Wilkes-Barre–Hazleton region, and heating & cooling price differences between Nicholson and Philadelphia.

The data presented is based on EnergyStar, the NREL,Department of Energy and professional research conducted by the NAHB. Nicholson home value data is provided by Zillow.

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