Norfolk-Connecticut Savings

Build your Norfolk Home’s Asking Price through Energy Savings

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Upgrading 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 figure out : What’s the return on investment on energy savings when it comes time to sell? Below is what we found in Norfolk:

Put differently, a window upgrade in Norfolk can add between 0.4% percent and 1.75 % percent to the sale 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 upfront value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Norfolk homeowner is relatively strong.

The variation between the range for Norfolk and Hartford, which for reference, would yield a potential premium range of 0.35% percent and 0.51% percent respectively, can be estimated from a number of factors, notably; the 1.58% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Torrington region, and energy price differences between Norfolk and Hartford.

The data presented is derived from EnergyStar, the NREL,Department of Energy and expert research executed by the NAHB. Norfolk home value data is provided by Zillow.

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