Norristown-Pennsylvania Savings

Improve your Norristown Home’s Asking Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows can add to the sale 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 if you sell your home? This is what we discovered in Norristown:

Put differently, a window upgrade in Norristown can add between 0.34% percent and 1.28 % percent to the asking 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 Norristown homeowner is relatively strong.

The variation between the range for Norristown and Philadelphia, which for reference, would yield a potential premium range of 0.34% percent and 0.49% percent respectively, is derived from a number of factors, particularly; the 0.12% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price point in the Philadelphia-Camden-Wilmington region, and energy cost differences between Norristown and Philadelphia.

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

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